Investors & landlords


@Carl wrote:

I have a residential rental that has a loss and now have commercial self rental that has a gain. I need to keep the residential losses from being able to offset the commercial self rental gain.

Not possible and not legal on a personal 1040 tax return. Period. So the bottom line is, your losses on one will offset the gains on the other.

 

 


@Carl  A "gain" for a Self-Rental is NON-Passive.  So that Nonpassive gain should NOT offset the Passive Loss from the other rental.