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Why can't I qualify for property tax relief credit. I only have disability income of $15,552/year & have paid $4488 yr for rent?
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June 3, 2019
10:19 AM
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Investors & landlords
For the 2017 property tax relief credit, income is defined as 2015 federal adjusted gross income (FAGI) modified so that:
- the net amount of loss reported on Federal Schedule C, D, E or F doesn’t exceed $3,000;
- the net amount of any other separate category of loss doesn’t exceed $3,000; and
- the aggregate amount of all losses doesn’t exceed $15,000.
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June 3, 2019
10:19 AM