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.
If your disability income was not taxed, you do not qualify.
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