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Financial Planning / Tax Strategies


Subject:  Re: Rents and Royalties -Loss limited by AGI? Date:  3/24/2013  7:04 PM
Author:  TMFPMarti Number:  118140 of 128125

The loss isn't showing up in the tax software as a credit (it's showing 0). Is it because his income is too high?

Yes. You should find the software has produced Form 8582. The loss is carried forward. See Pub 925.

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