@go_dores wrote:
I'd love to clarify this. I think I am being told the following:
- In 2023 I used the home more than 14 days for personal use. And for this reason, I could not take a loss. The loss carried over to 2024.
- In 2024 I used the home less than 14 days for personal use. And for this reason, I could not use the loss carryover.
@AmeliesUncle is that what you are saying?
Looking back at what I said, that was what I said, but unfortunately I worded it in a very wrong way. However, you said you had a loss this year again, which is why the carryover is not being used. They can only be used against a profit.
There are TWO kinds of losses that can be involved for a rental ("vacation home" losses, which you had the first year, and "passive" losses, which you had the second year) and 14/15 day threshold largely dictates which one applies.
