TaxGuyBill
Level 15
09-22-2020
06:58 PM
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@mike9 wrote:because it adds all the income from all the activities. He will qualify if it is based on just the rental activity income
That is what it is supposed to do. The income limitation is based on the sum of ALL businesses.
As a side note, the last I checked the software did NOT add in (or subtract the loss) of a rental property because it assumes the rental does NOT rise to the level of a "Trade or Business", If it does rise to the level of a "Trade or Business", you would need to manually change (override) the income limitation to factor in the rental.