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Updated over 7 years ago on . Most recent reply

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

Most Popular Reply

User Stats

203
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132
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Taylor Brugna
  • CPA
  • New York, NY
132
Votes |
203
Posts
Taylor Brugna
  • CPA
  • New York, NY
Replied

Eric Peterson You can deduct passive losses against ordinary income without limits if you qualify as a real estate professional.

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