My Client this year has a AGI phaseout on his rental properties all single family homes.
There AGI this year is $188,000.00 The limit is $150,000.00 for MFJ. They now owes $17,000.00
are there any new exceptions that I maybe able to use this year. Thank you in advance
B Green
Nope.
Unless you can do something to reduce AGI. Such as retirement plan contributions (SEP if self-employed, IRA if not), HSA contribution if qualified.
The only thing different this year my client
took a distribution from his retirement account
to cover some legal fees. This put him over
The limitation
Thanks for your comment
B Green
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