LenaH
Employee Tax Expert

Retirement tax questions

Typically, losses from a rental property would produce passive losses, which can only offset passive income. Losses will continue to carry forward until you have income to offset it or you sell the rental property. 

 

There is an exception that allows you to deduct up to $25,000 of losses per year if you actively participate. 

 

For more information, please see Publication 527.  

 

@jimnor2016 

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