trmy
New Member

Converted rental property to personal use but still have carryover losses. Do I have to take those losses each year or can I save them until I can itemize my deductions?

I do not have enough deductions this year to itemize and am taking standard deduction.  TT still has the schedule E form attached.  Can I delete that this year and include it next year with the missed carryover losses or do I just lose them?