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让地主们困惑的MAGI

(2012-04-02 12:49:26) 下一个

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

 

以上的 AGI , 严格地说,应该是 MAGI . 那么什么是 MAGI? MAGI 与 AGI 又是啥关系呢?

 

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? ” 也难怪,毕竟,一年只报税一次,谁没事,老惦记着 MAGI 呢!

 

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
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

怎么样,现在恍然大悟了吧?!  山姆让人晕,不晕都难。  什么,更晕? 好吧,来看通俗版。 

blog.wenxuecity.com/myblog/34413/201304/5553.html



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