- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
It's perfectly possible you have no carry over losses too. With the change in tax law in 2018, if you were actively involved in the rental activity, then up to $25K of excess losses on rental activity is deductible from other ordinary income. So if you had less than $50K of carry over losses in 2018, they most likely were deductible from other income on the 2018 and 2019 tax return. If there was no 8582 generated on the 2019 return showing carry over losses, then they were all used up on the 2019 tax return at the latest.
‎April 17, 2021
2:29 PM