We file jointly. My W2 income >$150k. My wife manages (750 hours) our rental property that incurred rental loss. Are we eligible for the $25k rental loss tax deductible?

chanwail · ‎June 4, 2019

I believe we have active (not passive rental loss), since my wife is full time on our rental management and spent 750+ hours. However, I am unable to get TurboTax to deduct the $25k loss. Please advice

We file jointly. My W2 income &gt;$150k. My wife manages (750 hours) our rental property that incurred rental loss. Are we eligible for the $25k rental loss tax deductible?

We file jointly. My W2 income >$150k. My wife manages (750 hours) our rental property that incurred rental loss. Are we eligible for the $25k rental loss tax deductible?