Have a Tax Question? Ask a Tax Expert
If you asking about the $25,000 exclusion for passive activity losses, then Yes, it is true.
If the combined rental losses exceed $25,000, then the unallowed loss is carried forward.
This is only allowed if your Adjusted Gross Income is under $75,000 (if Single) or $150,000 (if Married filing Joint).
Chat seems to have stalled. I will switch modes. You can Reply if needed.
Please let me know if you need more information on this subject.