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What are the passive loss rules for people in the >$150k income bracket?

April 26, 2017bracket income loss passive people rules

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What are the passive loss rules for people in the >$150k income bracket?

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A. Real estate is passive activity, and the general rule is that you can only use passive losses against other types of passive income. This means that you could not use real estate losses against W-2 or business income for example. There are two exceptions to this rule, however.