How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jacy Your Own Question
Jacy, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 568
Experience:  Nine years individual income tax preparation and consulting
Type Your Tax Question Here...
Jacy is online now
A new question is answered every 9 seconds

is it true there is only a $25,000.00 write off for investment

Customer Question

is it true there is only a $25,000.00 write off for investment property's total??-if you have 1 property or 10 --in florida--per my current cpa--??
Submitted: 6 years ago.
Category: Tax
Expert:  Jacy replied 6 years ago.

Jacy :


Jacy :

If you asking about the $25,000 exclusion for passive activity losses, then Yes, it is true.

Jacy :

If the combined rental losses exceed $25,000, then the unallowed loss is carried forward.

Jacy :

This is only allowed if your Adjusted Gross Income is under $75,000 (if Single) or $150,000 (if Married filing Joint).

Jacy :

Chat seems to have stalled. I will switch modes. You can Reply if needed.

Expert:  Jacy replied 6 years ago.

Hi again,


Please let me know if you need more information on this subject.


Thank you,



Customer: replied 6 years ago.