T rented a house this year with the following results: Rent Income $4,000 Utilities Maintenance $3,000 Interest Expense $2,000 Repairs $42,000 Assuming T's AGI is $130,000, compute T's rental loss deduction, amount to be carried forward and what type of deduction (e.g. for AGI, itemized AGI, Misc. Itemized, not deductible)? SHOW ALL WORK $2,500

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