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cfpmom
New Member

Can rental loss be used as passive carryover?

2017 was the 1st year owning my rental property.  A deductible real estate loss was reported on Schedule E fo -$2,500.

Is this a passive loss I can carryover to this year?

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Coleen3
Intuit Alumni

Can rental loss be used as passive carryover?

No, if you are allowed to take your loss, you must take it in the year it occurs. If your income is over $150,000, you are not allowed to take the loss and it carries forward on Form 8582 until you dispose of the property.

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1 Reply
Coleen3
Intuit Alumni

Can rental loss be used as passive carryover?

No, if you are allowed to take your loss, you must take it in the year it occurs. If your income is over $150,000, you are not allowed to take the loss and it carries forward on Form 8582 until you dispose of the property.

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