Do you show a tax loss on your rental property investments?

If you said “yes,” does your income prevent you from deducting your rental property losses using the “active participant exemption,” where with modified adjusted gross income of $100,000 or less you can deduct up to $25,000 in rental property losses?1

With a second “yes,” either you or your spouse needs to qualify as being in a real property trade or business to deduct your rental property losses against your other income.2 ... Log in to view full article.