众所周知的是：
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.
鲜为人知的是：
关于这个，我曾经回答过网友，也写过贴。 可是，随着今年税季已近尾声，还是有不少地主们前来提问： “rental loss 把我的AGI降至150K以下了，是不是我就可以申报出租亏损了呢？” 还有人说，我的AGI明明低于150K，为什么不允许申报出租亏损？等等。
我们还是言归正传来谈MAGI定义。
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 = ________________
说到这，我知道，不少人已云里雾里啦哈。 还是让数据来说话比较直观。
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.
怎么样，现在恍然大悟了吧？！ 山姆让人晕，不晕都难。
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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