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Investors & landlords
"second expenses exceed income shows $0 why not a loss on this property??"
You either hit the limit of the $25,000 ($12,500 if married filing separately) loss allowance for taxpayers who actively participate in their rental activities or you hit the income phaseout.
See https://www.irs.gov/publications/p925#en_US_2019_publink1000104571
March 17, 2020
3:00 PM
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