Can I get this clarified as I'm interpreting the responses from @PattiF and @RobertB4444 to contradict each other. I bought property 1 in 2021, immediately rented it for a few months, then moved into it later that year. This property had more losses than income. I rented out property 2 in 2021. This property also had more losses than income. So, I was planning on using these losses to offset rental income of property 2 in 2022.
@PattiF stated that I am allowed to use the carryover loss from property 1 to offset rental income from property 2 in 2022.
@RobertB4444 stated that my carryover loss from property 1 would have been taken in 2021 when I converted it to personal use.
Can I get clarification on:
1) I had a net loss on property 1 2021. Can this loss be carried over to 2022 to offset rental income of property 2?
2) I still can't determine if property 1 in my 2021 filing was correctly converted to personal use. That was the intention as I filled this part out while on the phone with an agent using TT Live. On Schedule E, it correctly shows this property as having 83 fair rental days and 0 days of personal use. On Form 4562 on line 19h it correctly shows that it was placed in service on 5/21, has the correct basis for depreciation, and shows the correct deduction in column g. Where can I tell in my past year's return if this was changed from rental to personal use?
