Investors & landlords

As was pointed out by others, in tax-language, "passive" is NOT the opposite of "active".  Most rentals are both.

 

One thing to double check ... unless this rental goes back and forth between personal and rental use, make sure you entered ZERO personal days for the property.

 

If your income is under $100,000, you are allowed to use up to $25,000 of losses.  If your income is higher than that, that $25,000 limit is gradually reduced until it is eliminated at $150,000 of income.  Any used losses will be carried forward to future years until they can be used (or until the property is sold).