We do not have any rental property since that time and don't plan to have any in the future. Is this a loss we cannot take?
You'll need to sign in or create an account to connect with an expert.
In 2013, you would have been able to take the loss on your Schedule E, unless your income was too high. If unable, that loss is entered on Form 8582. Passive Activity Losses are not realized until you sell the property.
In 2013, you would have been able to take the loss on your Schedule E, unless your income was too high. If unable, that loss is entered on Form 8582. Passive Activity Losses are not realized until you sell the property.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
chiroman11
New Member
jlfarley13
New Member
SB2013
Level 2
Idealsol
New Member
user17550205713
Returning Member