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Investors & landlords
Yes, that is correct. Your unallowed Rental Loss will carry over each year until you can use it or sell the property.
If your Rental Property shows a loss on Schedule E, Line 25 and you are not being allowed to take it, make sure it shows as a Carryover Loss in the 'Carryforward to 2021 Smart Worksheet' section near the bottom of the Schedule E Worksheet.
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‎January 29, 2021
4:03 PM