Unformatted text preview: During the first year, the rental revenue is $70,000, depreciation is $40,000, interest expense is $35,000 and other expenses are $25,000. Required : How much of the loss can Jim deduct in 2009? How much is suspended under the at-risk limitations?...
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- Spring '09
- Depreciation, Expense, $10,000, $40,000, $25,000, $35,000