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New Member
posted Jun 6, 2019 2:47:28 AM

Should I enter my rental property expenses even if I'm unable to deduct them due to gross income guidelines?

I entered all my rental property info and was then informed that I zero is deductible due to my gross income.  Is there any benefit to entering them in this case?

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1 Best answer
New Member
Jun 6, 2019 2:47:30 AM

Yes, there is. You will have a carry-over loss that could be used to offset gains in the future.

1 Replies
New Member
Jun 6, 2019 2:47:30 AM

Yes, there is. You will have a carry-over loss that could be used to offset gains in the future.