So this is the first year my wife and I have made over $150k and TurboTax is telling me I can’t claim my deduction from rental property loss. So now it looks as if I both take a loss on the house (on paper due to depreciation) and will have to pay higher taxes later when house is sold. Is there any way to reduce the amount of depreciation “reclaimed” when I sell the house? When all is calculated, I’m making about $4k on the house and the depreciation is $9k, for a loss of $5k, but since I can’t claim that loss, it’s not helping anything.
