MarilynG1
Expert Alumni

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 Worksheetsection near the bottom of the Schedule E Worksheet

 

 

 

 

 

 

 

 

 

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