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
LeeM
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
LeeM
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.