It may be that your net rental income is showing as a loss, and as such it may not be deductible in the current year. This can happen when your income is over $150,000, which will result in your rental losses being suspended.
Also, if you used the rental property for personal purposes that can affect the deductible loss allowed.
If you have form 8582 in your return, you have passive losses that may limit the deduction of losses on your rental schedule E.
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