ThomasM125
Expert Alumni

Investors & landlords

I think what you are saying is that you have a loss on the "C" rental and you want to know if it can reduce the gains on other rental properties that you own. It can, as the gain or loss on all of your rentals are combined to determine the total gain or loss allowed on your tax return.

 

If a loss on property "C" is not allowed due to personal use of the property, you would indicate that in TurboTax when you enter the rental information for that property, and then a loss would not be allowed or reported for the property in the current year and there would be no loss available to be applied to income from other rental properties and there would be no carryover loss to future periods. 

@isamom1982

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