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Investors & landlords
Thanks for your answer.
My understanding is when I rented the house for more than 15 days, I am not able to deduct any losses from the rental, right?
So if my expenses are more than my rental income, the losses will be carried over to the next year.
I want to know how TurboTax handle this carry over thing.
Will TurboTax save this losses somewhere and do the carry over for me when I use TurboTax again to file my tax return next year?
‎September 29, 2023
9:38 AM