GeorgeM777
Expert Alumni

Investors & landlords

It appears you have limitations based on your income.  What is your modified adjusted gross income?  If it is $150,000 or more, there is no special allowance for loss deduction for those with active participation.  On Form 8582, do you have amounts on lines 7, 8, or 9?  If so, what are they?

 

@taxjedi1

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