Thank you for the response! I think the $25000 deductible is the special allowance for for the real estate professional and their spouse who files tax together with, and it is not subject to the income (150k) restrictions? The 100k-150k phase out restrictions are for the other properties owners (non real estate professionals). We are considering amendment is because we didn't know and didn't use the "special allowance" previously for my husband's properties.
