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Investors & landlords
Your rental loss allowed is limited by your income. If you make too much money then you aren't allowed to deduct it.
If that isn't the case in your situation then you need to make sure that you have told the system that you actively participate in the rental of these two homes. Active participation doesn't mean that you are the one on site doing all of the work. It can also mean the supervision and review of the management company you've hired and all of that.
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‎April 6, 2023
6:37 AM
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