Critter-3
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Investors & landlords

Sorry but the loss on the rental is suspended until your income is below the $150K limitation on a future return  OR  you sell off the property.  These are the passive loss rules reported on the form 8582 ... https://www.irs.gov/taxtopics/tc425

View solution in original post