Rental Loss Deduction

  • Creator
    Topic
  • October 19, 2015 at 4:14 pm #197629
    jpabla89
    Member

    Hey guys quick question,

    If a taxpayer has $140,000 in AGI and has a Rental loss of $20,000:

    140,000 AGI ; 40k into phaseout range, x 50% phaseout = 20,000…less the 20,000 rental loss = 0, correct?

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