眾所周知的是：
Most rental owners claim tax losses, even when they are making a profit. You can deduct up to $25,000 of rental losses on your tax return if your adjusted gross income is less than $150,000.
If your adjusted gross income is less than $100,000, you can deduct the full $25,000.
If your adjusted gross income is between $100,000 and $150,000, you can deduct up to ($150,000 – Your Income)/2. So if your AGI is $120,000, you can deduct up to $15,000 (150k – 120 k)/2.
鮮為人知的是：
關於這個，我曾經回答過網友，也寫過貼。 可是，隨著今年稅季已近尾聲，還是有不少地主們前來提問： “rental loss 把我的AGI降至150K以下了，是不是我就可以申報出租虧損了呢？” 還有人說，我的AGI明明低於150K，為什麽不允許申報出租虧損？等等。
我們還是言歸正傳來談MAGI定義。
Per IRS (http://www.irs.gov/businesses/small/article/0,,id=146823,00.html),
Modified Adjusted Gross Income Computation
Modified adjusted gross income (MAGI) for FORM 8582 line 7 is determined by computing:
AGI without:
- Any passive loss or passive income, or
- Any rental losses (whether or not allowed by IRC § 469(c)(7)), or
- IRA, taxable social security or
- One-half of self-employment tax (IRC § 469(i)(3)(E)) or
- Exclusion under 137 for adoption expenses or
- Student loan interest.
- Exclusion for income from US savings bonds (to pay higher education tuition and fees)
- Qualified tuition expenses (tax years 2002 and later)
- Tuition and fees deduction
- Any overall loss from a PTP (publicly traded partnership)
OR you can do the following alternative computation.
If there are capital gains/losses from passive activities, use method above.
Adjusted Gross Income Per Return _______________
+ Audit Adjustments Affecting AGI +/-_______________
Except passive activities (rentals and passive businesses)
- Taxable Social Security IRC § 86 - ________________
+ IRA Deductions IRC § 219 + ________________
+ Deduction for 1/2 Self Employment Tax + ________________
+ Passive Losses IRC § 469(i)(E)(iv) + ________________
Passive loss=Net rental loss and
Passive Business Loss (Excess passive losses after netting with passive income)
+ Rental Real Estate Losses per 469(c)(7) IR§469(i)(E)(iv) + ________________
+ Nontaxable Income from US Savings + ________________
Bonds Used for Higher Education
+ Exclusion under IRC§137 for adoption expenses (W-2) + ________________
+ Student loan interest deduction + ________________
Modified Adjusted Gross Income Form 8582 = ________________
說到這，我知道，不少人已雲裏霧裏啦哈。 還是讓數據來說話比較直觀。
The rental losses allowance is phased out when your modified
adjusted gross income is over $100,000. For every dollar of
income over $100,000, the allowance is reduced by 50 cents. The
table below breaks down the phase out in $10,000 increments:
|
MAGI is |
Loss allowance is |
Example: In 2011, Jennifer Whistler had a salary of $130,000,
$4000 of income from a limited partnership, and a $37,000 loss from
a rental building in which she actively participates. Jennifer may
deduct only $10,000 of the rental loss. $4,000 of the loss offsets her
income from the partnership. The remaining $23,000 must be
carried over to 2012. This is determined as follows:
|
MAGI $ |
130,000 |
Married Filing Separately
As noted above, if you are married and file separately, the phaseout
allowance of $25,000 is split to $12,500.
怎麽樣，現在恍然大悟了吧？！ 山姆讓人暈，不暈都難。
值得注意的是，when you deal with IRA-contribution deductions and deductions for higher-education costs, MAGI, not your AGI, must be taken into consideration.
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