Individuals can deduct from active or portfolio income losses of up to $25,000 from real estate rental activities in which they actively participate.

Name: Individuals can deduct from active or portfolio income losses of up to $25,000 from real estate rental activities in which they actively participate.
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Question

Quizplus · Accepted Answer

This is true according to IRS rules on the passive activity loss rules for real estate rental activities. However, there are some limitations and qualifications to this deduction.

Individuals Can Deduct from Active or Portfolio Income Losses of Up