Hi. We bought a rental property and started renting it out in 2022. For our 2022 taxes we allocated the losses 90% / 10% based on the amount of capital invested in the property. I anticipate that we will have a loss again this year and will probably keep the same 90/10 split but... but when we start making a profit will we be able to change that % each year in TT? Or will it carry the same 90/10 for all future years?
Thanks in advance.
