698378
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ff2
New Member

Will my 2016 net rental loss be carried over to next year and be used against 2017 net rental gains?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Will my 2016 net rental loss be carried over to next year and be used against 2017 net rental gains?

Yes, if your net rental loss in 2016 cannot be deducted from ordinary income due to income limitations, it will be carried to future years to be used against any passive (rental) gains.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

Will my 2016 net rental loss be carried over to next year and be used against 2017 net rental gains?

Yes, if your net rental loss in 2016 cannot be deducted from ordinary income due to income limitations, it will be carried to future years to be used against any passive (rental) gains.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question