Can I use SRT loss to reduce my W-2 income tax?

[Zhipeng]

I bought the STR property in January 2024, which is in a different state than my residence state, and I have a property management company managing my rental property.

In 2024, I have STR loss, can I use that SRT loss to reduce my W-2 federal income tax?

Thanks.

[MaryK4]

You would only be able to use the Short Term Rental loss if you are not restricted by the passive activity or the material participation rules.

See IRS Form 8582: Calculating Passive Activity Losses.