- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If you are reporting this as a rental on schedule E, you should have reported the expenses last year, 2022.
Because rental income is passive income, the loss would not have been allowed, but would be a carry-forward for 2023.
This carry-forward loss would offset the additional income you finally received in 2023.
If you didn't do it this way, amend 2022, claim the expenses and get the carryover loss.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 13, 2024
5:05 PM
8,161 Views