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HHRG
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net rental loss

why is turbo tax not allowing my net rental loss to be deducted?

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net rental loss

Rental activities are passive, unless you are a real estate professional. Losses from such activities are limited. If you actively participate, you can deduct up to $25,000, provided your adjusted gross income before the loss is 

$150,000 or less ($75,000 if married filig separate). For the computation, you'll need to review Form 8582.

 

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