KrisD15
Expert Alumni

Investors & landlords

Passive loss can only offset passive income. 

If you have no other passive income, the loss will carry forward year after year until you do. 

 

If you use this property again as a rental, or use a different property for rental activity, be sure to enter the loss that is being carried over. 

 

Capital Loss can be applied to earned income (within limits) but the same is not true regarding Passive Loss. 

 

Passive Loss 

 

 

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