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?

lkaselak · ‎April 27, 2020

AnnetteB6 · ‎April 27, 2020

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

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AnnetteB6 · ‎April 27, 2020

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

lkaselak · ‎April 27, 2020

Thanks Annette.

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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?