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Rental losses for landlords

Up to $25,000

Can You Write Off Rental Losses for Landlords?

Short answer: Up to $25,000 of rental losses can offset other income if you actively participate and earn under $100,000, phasing out by $150,000.

Real estate professionals can deduct losses without this limit.

Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.