Clesco
New Member

Investors & landlords

Same issue, I followed the advice and also see that my tax refund decreases when adding expenses due to the QBI deduction going away.  This is unfortunate for this year but it does add my loss to my carry over losses.  So in 10 years when my rental mortgage is paid off, i'll have a profit and be able to apply these carry over losses then.

 

The urge is to just not bother claiming expenses to get the larger refund now, but I'm sure doing it correctly and using the carry over losses in the future will pay off.