AnnetteB6
Expert Alumni

Investors & landlords

No, your total joint Modified Adjusted Gross Income (MAGI) would be over the limit to be allowed to claim any passive rental losses on your return.  The $25,000 allowed loss is completely phased out when the MAGI is above $150,000 for a joint return.  

 

This is explained further in the following article:  Real Estate Tax and Rental Property

 

Scroll to the very last section labeled What are passive activities and how do they affect me?

 

 

@lkaselak

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