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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (42541)10/4/2005 12:29:05 PM
From: Logain AblarRead Replies (2) of 306849
 
It also sounds like he's unaware of the limit on rental losses once Adjusted Gross Income hits $100,000. Notice I used AGI not taxable income. Lets not mention the adjustment to depreciation for the ALT Min calculation.

Now if this move was within the past year he can still sell and avail himself of the primary residence exclusion but who wants to buy when its being rented.
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