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:
以上的 AGI , 嚴格地說,應該是 MAGI . 那麽什麽是 MAGI? MAGI 與 AGI 又是啥關係呢?
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? ” 也難怪,畢竟,一年隻報稅一次,誰沒事,老惦記著 MAGI 呢!
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
Up to $100,000 $
110,000
120,000
130,000
140,000
150,000 or more
|
Loss allowance is
25,000
20,000
15,000
10,000
5,000
0
|
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 $
Less: amount not subject to
phaseout
Amount subject to phaseout $
Phase-out percentage
Portion of allowance phased out
Maximum loss allowance $
Less: amount phased out
Deductible rental loss
allowance $
Passive loss from real estate $
Less: passive income from
partnership
Passive activity loss $
Less: Deductible rental loss
allowance
Carry over loss to 2012 $
|
130,000
100,000
-----------
30,000
50%
-----------
15,000
25,000
15,000
-----------
10,000
37,000
4,000
-----------
33,000
10,000
-----------
23,000
|
Married Filing Separately
As noted above, if you are married and file separately, the phaseout
allowance of $25,000 is split to $12,500.
http://turbotax.intuit.com/tax-answers/?state=1365481914283
怎麽樣,現在恍然大悟了吧?! 山姆讓人暈,不暈都難。 什麽,更暈? 好吧,來看通俗版。
blog.wenxuecity.com/myblog/34413/201304/5553.html
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