Tax Tip: Use $25K Rental Loss to decrease your taxes


Tax Tip

The tax loss you can claim on your rental property totally depends on
how much money you make, and whether or not your rental activity is
considered a passive activity.

For the majority of real estate investors, rental income is passive
income. As a result:

You can deduct up to $25,000 of rental losses on your tax return. If
your adjusted gross income is between $100,000 and $150,000, you can
deduct up to ($150,000 - Your Income)/2.

If your losses exceed the limit, they can be carried forward for up to
15 years. To learn more about deductible loss and how it affects your
Schedule E, take a look at (http:// It’s a forum for real estate investors to learn
how others are saving money on their real estate investments, and it’s
an easy way to get prepared for taxes.

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May 21, 2010
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ONe thing wrong in your posts

Losses not allowable for rental real estate are carried forward indefinitely (not just 15 years)

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