Lost money on a flip in 2016, how does it impact taxes?

[Brandon Schlichter]

Bought a house mid 2015, did rehab work on it over several months, sold it in 2016 at a total loss of $25k or so.

My question mostly is whether that loss can be depreciated or carried over several years, or has to be taken off only on my 2016 tax return. My goal is to take it off over several years, as with our growing income each year, it would be more beneficial.