If you actively participate in the Rental activity, a special IRS rule allows you to offset up to $25,000 of nonpassive income with rental real estate losses. This amount is reduced by 50% of AGI over $100,000 and is totally phased out when AGI reaches $150.00.
You can see this calculation on Form 8582 Part II.
@yeskasi
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
