Tax question. I did not benefit?

[Shane Woodman]

Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:

"And what I suspected did happen related to the rental. Your income was too high to benefit from any losses so they were suspended and will carry forward to offset future income from the rental property."

Should I challenge him on this or have others had the same experience with your first investment property? 

Thanks for the help!

[Brandon Hall]

If your MAGI is above $150k, you cannot take passive losses in excess of your passive income. If you or your spouse qualify as a real estate professional, and if you materially participate in your rental activity, your passive losses will be considered non-passive and you'll be able to claim the loss without limits against your other income.