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Investors & landlords
I'm in a similar situation, having carried-over passive losses from a rental property I converted to a second home in 2024. And I didn't rent at all in 2024, thus Turbotax wants to delete Schedule E.
But I have no passive income against which to deduct these losses (unless investment income such as dividends counts). Am I out of luck for taking the loss this year ? Is the issue simply how to carry the losses until I sell ?
‎December 3, 2024
8:26 PM