I have a short term rental property that suffered a loss in 2024 and my K-1 shows an additional loss from depreciation. The loss on my K-1 for depreciation does not transfer to my personal return in the full amount. Is there a limit on this deduction ?

2582

Level 15

Mar 11, 2025 9:21:34 AM

I'm not sure why the depreciation is separate from the loss. This is a question you'll have to take up with the preparer and also how to handle it on your 1040.

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I have a short term rental property that suffered a loss in 2024 and my K-1 shows an additional loss from depreciation. The loss on my K-1 for depreciation does not transfer to my personal return in the full amount. Is there a limit on this deduction ?