Best Answer Click here
            
                
                     This discussion has been locked.
             
            No new contributions can be made. You may start a new discussion  
            
                here
                 
                This discussion has been locked.
             
            No new contributions can be made. You may start a new discussion  
            
                here
            
        
If you're referring to the special allowance of $25k, the MAGI must be less than $150k (phasing out from $100k) and the taxpayer must actively participate in the rental (e.g. decision making, tenant screening, etc.).
MFS is eligible only if taxpayer lives apart from the spouse all year but the phase-out range and special allowance are halved.
If you're referring to the special allowance of $25k, the MAGI must be less than $150k (phasing out from $100k) and the taxpayer must actively participate in the rental (e.g. decision making, tenant screening, etc.).
MFS is eligible only if taxpayer lives apart from the spouse all year but the phase-out range and special allowance are halved.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.