All Forum Posts by: Nick Wiget

Thank you everyone, very helpful

I'm trying to understand whether Active real estate losses (Real Estate Professional) lowers MAGI. My understanding is these active losses will lower Adjusted Gross Income (line 11 of a 1040) but there's some confusing language that rental losses should be added back to AGI to get to MAGI. The context here is trying to understand whether these losses will lower MAGI to a point where my wife and I can contribute to a ROTH IRA. Anyone have a clear answer here?

Thanks!