- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 27, 2020
9:41 AM