@0_Legolas_0 wrote:
Thanks @AmeliesUncle , and @Mike9241 it is not a short-term rental (AirBnB, etc) but a traditional single family rental. I noticed that when I enter it in Sched-E section it took it as active participation. That said, I didn't check to see if it took just the depreciation or the total real losses :(
Your question is completely different than the original question.
If you "Actively Participate" and your income is below certain thresholds, you are allowed to take the loss from passive real estate (up to $25,000). If you don't Actively Participate and/or your income is too high, you are not allowed to take the passive loss and it will carry forward.
