@Anonymous For "about" half the folks, and it depends on when the property was placed in service for most, even after that $25K exception against other ordinary income they will still have carry over in that first year. So that's why I don't bring it up unless it's posted back that they don't have any carry over. Then I'll go into the details of the exception. I think I've only dealt with that maybe 5 times for the 2019 tax year.
The reason I don't bring it up (especially for a first time landlord) is because it has to much potential to add to their confusion and/or understanding of all the data I provide them already. In other words, it's an attempt to avoid as much information overload as possible.
