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Investors & landlords
I don't understand what you mean when you say " I used the full loss in 2019" when my AGI was in the negative?
It was (-14,334) and that's not including the standard deduction of $12,200 taking the negative down to (-26,534).
With
No W2 income
Rental Income: $5904 ( deducted from Rental property losses below)
Savings Interest: $6610
Capital Gains from Sale of rental house: $11,364
Total: $23,878
Rental Property Losses: -$32,308 ( Already reduced by the $5904 in rental income listed above)
Standard deduction: 12, 200
So confused
March 29, 2021
5:44 AM