Thanks
@TurboTaxMichaelDC . So lets say one year because of high income you cant deduct the losses but next year your income goes down to the level where you can deduct them, what happens then? Will the loss from prior year be applied against rental income (profit that year)? If it gets applied would it be partial or complete? I understand it will be passive income applied against passive income but can we take advantage of the loss later without selling it?
