Although it may not explain your specific situation, and...

Why is my deductible losses on my rental property is now down to around $8,000 when the previous 3 years was always around $20,000 and nothing has significant changed?

Is this a change due new tax laws or is it the software?

posted

Although it may not explain your specific situation, and the loss, the tax code DID change in Tax Year 2018 regarding rental properties:

https://www.greenbushfinancial.com/rental-income-will-taxes-2018/

multi-year tax strategy and planning for transition to retirement, including IRMAA cliff thresholds, potential Roth ITA conversion amounts for individual tax situations, etc

in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill

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Why is my deductible losses on my rental property is now down to around $8,000 when the previous 3 years was always around $20,000 and nothing has significant changed?

Why is my deductible losses on my rental property is now down to around $8,000 when the previous 3 years was always around $20,000 and nothing has significant changed?

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Why is my deductible losses on my rental property is now down to around $8,000 when the previous 3 years was always around $20,000 and nothing has significant changed?

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Why is my deductible losses on my rental property is now down to around $8,000 when the previous 3 years was always around $20,000 and nothing has significant changed?

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