Rental passive activity loss

[garycarols]

My rental usually generates a small loss each year, which is subtracted from my other income.  This year, I've evidently made too much wage income (>$150K) to be able to use that up-to-$25,000 loss against my other income.  My question:  Now, what happens to my rental loss?  Thank you.

[Anonymous_]

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@garycarols wrote:

Now, what happens to my rental loss? 

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The (passive) loss will be suspended and carried over to the 2022 tax year.

[garycarols]

--what if my income continues to be >$150,000?  For how many years will the loss carry over?  Thanks.

[Anonymous_]

Suspended passive losses are carried over from year to year until they can be used (against passive income or when the property that generated the passive income is sold).

The suspended losses, however, do not expire.

[garycarols]

Thank you for your help!  🙂