Current tax code for single and married is $150,000 income. Did they raise the amount cap you can make for married couple to write off a loss for our rental property for 2018? We make more and we’re told we can’t deduct anything for the rental home. The married income amount should reflect two incomes.
No, the $100K - $150K phaseout hasn’t changed. Keep in mind, the losses get carried over, and will benefit you when the property is running at a profit.