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L
larryzfp
Level 4
June 11, 2020
Question

Why is a rental loss allowed for taxpayer earning over $400,000?

  • June 11, 2020
  • 5 replies
  • 27 views

Program is allowing a rental loss, AGI over $400,000. I didn't check Real estate Pro. what am I missing? 

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5 replies

Accountant-Man
Accountant-Man
Level 13
June 11, 2020

Is Material participation checked?

** I am "Elevating with Intention!"
    L
    larryzfpAuthor
    Level 4
    June 11, 2020

    No. if I check it it doesn't change anything. That is what is confusing me. 

    abctax55
    abctax55
    Level 15
    June 11, 2020

    Complete disposition this year?

    HumanKind... Be Both
      L
      larryzfpAuthor
      Level 4
      June 11, 2020

      No.

      abctax55
      abctax55
      Level 15
      June 11, 2020

      Is there passive/rental income from some other source?  What shows on F 8582?

      HumanKind... Be Both
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