Thank you for the responses Critter-3 and Mike9241! Form 8582 makes it clear $150,000 is the number. What is so strange is that I have a co-owner on a property and a CPA told them that their rental loss is entirely suspended because their AGI/MAGI is over $100,000 (at around $120,000).. and therefore they should not worry about the rental loss deduction and instead take more from their IRA to maximize the 24% tax bracket up to $163k. I'm confident this is wrong, but strange that the CPA and the IRS PUB both suggest the rental loss is suspended at $100k..
