Alterations in the visual system may underlie visual hallucinations indementia with Lewy bodies (DLB). However, cortical excitability as measuredby transcranial magnetic stimulation (TMS) and functional magnetic resonanceimaging (fMRI) activation of lower visual areas (V1–3) to visual stimuliappear normal in DLB. We explored the relationship between TMS-determinedphosphene threshold and fMRI-related visual activation and found a positiverelationship between the two in controls but a negative one in DLB. Thisdouble dissociation suggests a loss of inhibition in the visual system inDLB, which may predispose individuals to visual dysfunction and visualhallucinations.