RaifH
Expert Alumni

Investors & landlords

A and B sound fairly straightforward as they were rental properties all year long, even if A was vacant for a period of time. Depending on your income, you can take up to a $25,000 loss on rental activities. If your income is above $150,000 then you can not use your rental losses to offset any non-passive income and the loss gets carried forward. 

 

Since C was a second home for at least a portion of the year, it is possible if you were adjusting the number of days that it was available as a rental, by definition this would decrease the personal use days. This would not impact your rental loss if you already are capped out for 2021 but would reduce your personal deductions for the property taxes and mortgage interest.