As your MAGI increases above $100,000, the $25,000 passive loss begins to phase out.

Odds are, your investor client has already read 5 books on exactly those subjects, so that's all a giant waste of time.Yin and Yang.

@Joe JorConversion is not factored for active/passive purposes.As such, you have the exception to utilize rental losses in the amount up-to $25,000 if your income is below a certain MAGI.

@Aaron Yang I might be able to pull it off with an FHA loan but I am also open to other lending options (conventional loan).

It all goes together in a yin and yang sort of way...not unfortunate at all.

The only way for you to change that is to contribute more into your 401k or pretax deferrals that qualify as a reduction to your AGI and wont bring your MAGI at or above the qualified limits.Your other bet is to become a real estate professional to deduct all passive activity losses if you meet the two tests of 750 hours for the year and working 50% or more in real estate activities.

We have a MAGI of over $150k through 2 W-2's, live in a rented house and own a few multi-families.

She came back and equated it to a contract that some furniture rental places use with lousy credit customers who they can charge late fees up the ying-yang with.

Originally posted by @Johan Yang:@Rich Weese I am interested in buying an investment property in PDC.

He was sentenced to death yesterday and now the decision only awaits approval from the Supreme Court," defense lawyer Qian Lieyang said after the retrial at the Beijing Higher Court on Tuesday.Yang admitted in court in late March during an earlier session of his retrial that some of the money had been used for bribes, but he did not give details, Qian said.The Beijing Morning Post said Yang was the first member of China's securities industry to be sentenced to death for embezzlement.