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moose4421
New Member

I have 5 rental properties listed in my income section, but for the 3, 2017 new ones, listing the taxes/insurance I paid didn't change my refund like the first two, why?

 
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I have 5 rental properties listed in my income section, but for the 3, 2017 new ones, listing the taxes/insurance I paid didn't change my refund like the first two, why?

Your total rental losses are limited to $25,000 per year (less if you have more than $100,000 of income).

Because of that limitation, adding more expenses does not change your refund anymore.

The unused losses will be carried forward to future years until they can be used (see Form 8582).

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3 Replies

I have 5 rental properties listed in my income section, but for the 3, 2017 new ones, listing the taxes/insurance I paid didn't change my refund like the first two, why?

Do those properties show a loss?

If so, did you indicate that you "actively participate"?
Is your total income over $150,000?
Are your total rental losses over $25,000?
Did you enter any "personal days" for those properties?
moose4421
New Member

I have 5 rental properties listed in my income section, but for the 3, 2017 new ones, listing the taxes/insurance I paid didn't change my refund like the first two, why?

Yes they show a loss.

Yes I indicated I actively participate.

No, total income is not over 150K.

Yes total rental loss over 25K.

No personal days entered; didn't even see a spot for that but wouldn't be many.

Thank you

I have 5 rental properties listed in my income section, but for the 3, 2017 new ones, listing the taxes/insurance I paid didn't change my refund like the first two, why?

Your total rental losses are limited to $25,000 per year (less if you have more than $100,000 of income).

Because of that limitation, adding more expenses does not change your refund anymore.

The unused losses will be carried forward to future years until they can be used (see Form 8582).

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