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June 6, 2019
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Should I enter my rental property expenses even if I'm unable to deduct them due to gross income guidelines?

  • June 6, 2019
  • 1 reply
  • 6 views
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?
Best answer by

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

1 reply

Answer
June 6, 2019

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