Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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

Highlighted
Level 2

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

Labels (1)
0 Cheers
5 Replies 5
Highlighted
Level 11

Is Material participation checked?

** I'm still a champion... of the world! Even without The Lounge.
Highlighted
Level 2

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

0 Cheers
Highlighted
Level 15

Complete disposition this year?

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
Highlighted
Level 2

No.

0 Cheers
Highlighted
Level 15

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

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches