Okay I understand that. Thank you!
One more question. I had a loss on the new rental property that I purchased, but because of my income, I cannot take them,(I am over the $150,000 threshold) however, from my understanding they are carried forward. Is it possible to use that loss in 2021(passive loss from my new residential rental property) to offset my gain on the sale of the property that I sold in 2021?
