Income to high to deduct Rental property

[Tim Sipowicz]

Hello BP community. I recently got my taxes done and was told I couldn't deduct the rental loss due to my income for the year. What are my options here to capitalize on the tax advantages for next year? I have an LLC currently but it's for a non real estate business. I also understand that quick claiming a property into an LLC can trigger a due on sale clause? I believe that's what it's called. Just wondering my options, and that may be the only one but open to any suggestions and really appreciate any feedback. I only own one SFH as of now but plan on purchasing a second this year. Thanks!

[John Underwood]

The LLC should be a pass through to your return so moving it into the LLC will not likely help you. You won't lose the deductions it can be taken in future years when your allowed to take them or when you sell.