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Deductions & credits
Yes, you are allowed to use the carryover loss for the property. Did you change the status of the rental in 2021 to personal use?
You don't want to delete the rental this year to show that it was no longer rented. The change from a rental to personal use needs to be entered for the property in TurboTax and should have been entered for Tax Year 2021 when the conversion took place. If you did not enter the change for your rental property for the tax year 2021, you will need to amend the tax return from the prior year to show the change.
Here is a thread that discusses changing a rental to personal use.
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March 4, 2023
6:22 AM