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Updated over 7 years ago,

User Stats

16
Posts
0
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Eric Peterson
  • Investor
  • Austin, TX
0
Votes |
16
Posts

Real Estate Pro Passive Loss Income Limit

Eric Peterson
  • Investor
  • Austin, TX
Posted

Hello Bigger Pockets.

I can't find the answer to my entire question when I search. 

I am a real estate professional

I had a loss on a rental property last year.

My income is over $150,000

Can I write off the loss this year or do I have to carry it over because my income is too high? I can see there is a real estate professional exception but I can't find anywhere that the income requirement doesn't still apply. 

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