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Reducing AGI
All,
I've been reading, which tends to be dangerous for me, and thought it was possible to reduce your AGI by contributing to a Keogh or SIMPLE retirement plan. I asked my accountant about this and he responded that contributions to a Keogh wouldn't reduce my AGI in regards to the special $25k deduction for real estate passive losses.
What am I or they missing?
Otherwise, what other methods do you use to lower AGI? Aside from making less money.