Investors & landlords


@Carl wrote:

@tarif-mohaisen 

so if income > $150,000 can't claim any of the rental deductions ?

You understanding doesn't appear to be clear.


This was explained in a previous post (years ago). 

 

The reference is to the special allowance for active participation.

 

See https://www.irs.gov/publications/p527#en_US_2020_publink1000219124