Rental losses against W-2 income
Up to $25,000
Can You Write Off Rental Losses Against W-2 Income?
Short answer: Yes up to $25,000 if you actively participate and your AGI is under $100,000; above $150,000 losses are suspended.
Rental losses are passive: you can use up to $25,000 against other income if you actively participate and your AGI is under $100,000 (phasing out by $150,000); the rest carries forward.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Rental losses against W-2 income
Typical range: Up to $25,000
Real Estate / Landlords / Property Managers / Agents
Yes up to $25,000 if you actively participate and your AGI is under $100,000; above $150,000 losses are suspended.
Business justification
Yes up to $25,000 if you actively participate and your AGI is under $100,000; above $150,000 losses are suspended. Rental losses are passive: you can use up to $25,000 against other income if you actively participate and your AGI is under $100,000 (phasing out by $150,000); the rest carries forward.
Category
- Rental Property Write-Offs