Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Loss Deduction and over 150,000 AGI"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]You can always deduct passive losses to the extent of the passive income. If your AGI is over 150 and you have excess passive losses, those are carried forward and not deductible until you sell. For your rental property, you can deduct losses to the extent of income and once you zero out income, you carryforward losses until your AGI is below 150 and you free up those losses or until you sell the property. Get Turbotax - it makes it easy![/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
