DavidS127
Expert Alumni

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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