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what is the special allowance on Passive income?
October 7, 2020
1:28 PM
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Deductions & credits
The special allowance is up to $25,000 of loss from rental activity that can be deducted from nonpassive income.
See https://www.irs.gov/instructions/i8582#idm140476817099568
October 7, 2020
1:53 PM
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