Did the passive loss rules change for rental real estate? Can I still deduct up to $25,000 in losses?
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There's no change to the special allowance. Did you check the box by accident that the taxpayer did not actively participate? Was the MAGI in excess of $150k?
There's no change to the special allowance. Did you check the box by accident that the taxpayer did not actively participate? Was the MAGI in excess of $150k?
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