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royalty income on rental property is 0 (expected loss) although MAGI is below $150K
Hello,
I have a rental property that always generated a loss in the previous years (mortgage interest, depreciation, expenses, ..) . However, after putting in the numbers this year, the expenses field matches the rental income and the overall result is zero.
My MAGI is below $150K although it is over 100. Why are there no losses allowed?
‎July 12, 2020
2:58 PM