I am married filing jointly, and my husband makes over $150k. I manage our Airbnb - am I able to claim a $25k loss on the management?

[AnnetteB6 · Accepted solution]

No, your total joint Modified Adjusted Gross Income (MAGI) would be over the limit to be allowed to claim any passive rental losses on your return.  The $25,000 allowed loss is completely phased out when the MAGI is above $150,000 for a joint return.  

This is explained further in the following article:  Real Estate Tax and Rental Property

Scroll to the very last section labeled What are passive activities and how do they affect me?

@lkaselak

[lkaselak]

Thanks Annette.