Investors & landlords

Wow, thank you for your response!

 

Just to clarify does this "frozen" carryover loss from 2019/past years need reported anywhere on the 2020 return?

 

Also, for tax planning/estimated taxes - if the rental does return for 2021 are you able to confirm the carryover loss returns and is allowed to be deducted up to $25,000 along with the rental activity (assuming other qualifications are met to did this).