@Nashguy wrote:
Any idea why I'm not seeing a benefit for this box 2 loss?
You are seemingly running into the passive activity loss limitation (i.e., generally, passive losses can only be used to offset passive income).
Further, you most likely have exceeded the upper income limit to take advantage of the special allowance for active participation.
See Publication 527 (2020), Residential Rental Property | Internal Revenue Service (irs.gov)
