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Updated over 7 years ago,
RE Pro, Loss and AMT?
I qualify as a real estate professional. I will have a slight loss from my rentals due to depreciation this year. At the same time my income from my business (real estate) will put me over the Alternative Minimum Tax limit. I will have a new CPA this year and when I met with him he said I won't be able to write off the loss as a real estate professional because of the AMT. I'm trying to find that in writing to double check but I can't locate that specific information. Does anyone know if this is correct? Thank you.