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New Member
posted Mar 15, 2022 9:51:30 PM

We have 2 rental properties. Is the $25k deduction max a combined amount or is it per property?

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1 Replies
Expert Alumni
Mar 16, 2022 4:56:01 AM

The deductible passive loss of $25,000 is per tax return, not per property.

 

Please read this IRS document for more information.