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Thread: Maximum Losses allowed for rental losses?
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Old 01-25-2007, 08:26 PM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
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In general, per IRS rules, the maximum losses you can deduct for rental losses are $25,000 for a jointly filed tax return whose adjusted gross income (AGI) does not exceed $150,000.

If the AGI exceeds $150,000 then you cannot deduct the losses.
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