I have two rental units A and B and my MAGI is too high to allow any passive loss to be applied on active income.
In 2023 A has $10,000 loss and B has $3,000 loss. Both were disallowed last year.
In 2024 we moved into A and no longer rent A out for any single day in 2024. I noticed Turbotax automatically discard the $10,000 loss since we no longer rent it out. Turbotax only carried over the $3,000 loss to B for 2024.
In this case, does mean the $10,000 loss is wasted? If we do not plan to rent A out again, anything we can do to use that loss in future?
