Also what is a bit strange is from what I've read there are restrictions such as AGI limits ($150,000 filing jointly), $25,000 loss limitations etc. My issue falls into neither of these. I have just over $31,000 in passive losses and make more than $150,000. The entire passive loss is being applied directly to affect my AGI. This is for both a sold property and an unsold property still being rented.
Thanks again.
