Why isn't my rental losses deductible on my taxes?

gdevol · ‎June 5, 2019

IsabellaG · ‎June 5, 2019

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.

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

IsabellaG · ‎June 5, 2019

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.

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

Do you have an Intuit account?