Depreciation deductions on other personal income

[Gilbreth Seno]

Can I use depreciation deductions from a rental property to offset income from my day-to-day job?

[Eamonn McElroy]

@Michael Miller

"Dave, to be clear, do you mean that, if you earn a total of $150K (rental income, "day job" income, etc.) you no longer qualify for the passive loss allowance? Or do you mean that the allowance disappears if you have a rental income of $150K?"

MAGI = the former.

"Any chance you could point me to where this can be found in IRS code?"

IRC Sec 469(i).  Take it with a warm glass of milk late at night...