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What is the limit for passive rental property losses with
What is the limit for passive rental property losses with active participation? Where can I find the answer? … read more
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I have done my taxes most of my life. But now with the change I am confused about form 8582. I have rental property and have filed Schedule E in the past, but it seems that maybe I cannot deduct the l… read more
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For 2018, what is the income limit to be able to deduct
for 2018, what is the income limit to be able to deduct rental losses … read more
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My husband and I noticed we still have single on our w4 and
Hello my husband and I noticed we still have single on our w4 and we both claim 0 for federal witholdings but my husband claims for state but his state resident is fl … read more
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As per the new tax law, the property tax deductions of 10000
As per the new tax law, the property tax deductions of 10000 is it per property or per tax payer per property?If both wife and husband file together can they claim 20000 towards one property or just 1… read more
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Can you provide advise on how my investment property (one
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Robin D.
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I have rental income from properties in an LLC. Last year
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A married filing separately, can he/she deduct expenses and
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I have rental property and am thinking about filing separately
I have rental property and am thinking about filing separately rather than jointly. The rental income is: $26,400 and my taxable income is: $51,324. Can I still write off the interest and expenses on … read more
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My husband and I would like to purchase a property for our
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This year we has too much income so we were unable to claim
This year we has too much income so we were unable to claim rental house losses. Would it be appropriate to at lease claim interest and taxes on Schedule A line 6 and 10?… read more
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i have rental real estate losses of $13k, but turbo tax says
i have rental real estate losses of $13k, but turbo tax says its passive loss and i only get $908 deduction. I own property and made $75k last year, together my wife and i make $150k. I used to get al… read more
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How should I file and what should I claim My husband and
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Hello, My husband and I are wondering whether we should
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I am confused about rental income and what I can deduct. I
I am confused about rental income and what I can deduct. I am getting married and we each have a condo, I am selling my condo, and we plan on keeping her condo and renting it. We will buy a larger pla… read more
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My wife and I earned over 150k last year. We were married two
My wife and I earned over 150k last year. We were married two years ago and have retained my home as a rental. According to the passive activity laws we cannot claim the property loss as a deduction. … read more
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I receive SS Disability. Is this taxable income? I spend about half of that amount on medical because I am uninsurable at 46 yrs old, the only medical benefits I qualify for are Medicare and Medicare … read more
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Can a husband and wife, with investment property, file ...
Can a husband and wife, with investment property, file separately in order to take their "interest" deductions for the investment property? Together our joint income is over the $150,000 cuttoff to be… read more
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