This thread is old but, to clarify; if someone doesn’t have any W2 income, they do have income from rentals but there were major deductions due to repairs, maintenance and other costs, they won’t receive any monetary *return* correct? Those losses only offset income from the rentals and would have also helped offset income from a W2, but without a W2, once the rental amounts have zero’d out, that’s it and there’s no actual money return because there wasn’t a taxable amount of income which experienced withholding throughout the year? Just wanting to verify.
