Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 3:30:01 PM

Why is my deductible losses on my rental property is now down to around $8,000 when the previous 3 years was always around $20,000 and nothing has significant changed?

Is this a change due new tax laws or is it the software?

0 1 660
1 Replies
New Member
Jun 1, 2019 3:30:03 PM

Although it may not explain your specific situation, and the loss, the tax code DID change in Tax Year 2018 regarding rental properties:

https://www.greenbushfinancial.com/rental-income-will-taxes-2018/