Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Tax question. I did not benefit?
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!