If I qualify for special allowance of residential rental loss deduction (entered in line 22 of Schedule E for year 2019), do I have to take maximum allowable deduction (i.e. $25000 for joint return), or can I adjust/lower that deduction, since beyond certain, much smaller amount, there is no tax advantage for me - tax due stays zero (I have very low income). I would carry not claimed portion to the next year.
I have read number of IRS publications, including 527, 925, and none of them states clearly that I have to take a full/max amount if allowed and available. IRS says: "up to $25000" for married filling joint returns. "up to" to me means $0 to $25000 .
