The tax man commeth

$ hoarder

$ Saving Fourth Grader

Join Date: Apr 2012

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#1

The tax man commeth

02-17-2013, 06:22 PM

If you have a rental property and have an agi over 150k please note that you will not be able to claim your losses until you sell the home. Is there a website that shows which income levels exceed deductions/ credits?
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jpg7n16

$ Saving Post Graduate

Join Date: Apr 2010

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#2

02-18-2013, 05:57 AM

Sure. IRS.gov

Here's a google search of the IRS site about "rental expense deductions"

Google

First result: Rental Income and Expenses - Real Estate Tax Tips

IRS Pub 527: Publication 527 (2012), Residential Rental Property
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