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Not sure what to do
We purchased a condo in in the late 1990’s and rented it through 2008 with losses and they were all deductible.
During 2007 – 2009 we spent +/- $60,000 to refurbish it and added it to the basis for depreciation.
The last year of rentals was 2009 and we had a rental loss of +/- $14,000 which was NOT deductible.
For some unknown reason I deleted the history from my turbo tax and made a note to remember the unallowed loss if we ever sold it.
Well, now we are renting it again (2018 first year) and I wanted to ask two questions. I think!
1. Can I still get the benefit of the 2009 loss?
2. Do you have any idea how I can get it back in my TurboTax history?
Any help would be greatly appreciated
July 27, 2018
5:49 AM