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Investors & landlords
If your modified adjusted gross income (MAGI) as defined at this link is more than $150,000 and your rental loss is included on Schedule 1, line 5, check to see if you answered that you are a real estate professional as defined at this link. If so, the loss is not passive, and is not subject to the $150,000 MAGI limit.
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‎April 13, 2020
10:24 AM