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posted Jun 3, 2019 11:46:16 AM

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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1 Best answer
Intuit Alumni
Jun 3, 2019 11:46:17 AM

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.

1 Replies
Intuit Alumni
Jun 3, 2019 11:46:17 AM

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.