Here are some possibilities:
- You checked that you didn't actively participate in the rental (you are allowed up to $25,000 in losses if you actively participate in rental real estate property.
- Your modified adjusted gross income was too high.The $25,000 deduction is phased out when your modified adjusted gross income is from $100,000 to $150,000, resulting in no deduction above $150,000 (for a married filing joint return).
- You checked that you were not at risk for your investment.
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