It's my first year with a rental property, and it looks like I'll have a Schedule E loss that I'll need to carry over. Bummer.
However, I got the bright idea that since I already meet the Schedule A miscellaneous deduction 2% floor (thanks to wife's continuing ed classes + union dues), maybe I could just move some investment expenses to Schedule A?
This would effectively let me reduce my loss on Schedule E, while increasing my deduction on Schedule A. Is this allowed?
