Ok, so the limit is 150K gross income?
I earned 75K from my job
70K capital gains on Rental Property 1 sale.
And then that year I would've had a $1499 profit on the rent of that property.
But a $8605 passive loss from Rental Property 2 plus also other suspended passive losses.
In that case, would I be able to release the suspended passive losses from Rental Property 2 or would my income be too high?
