Rental Property losses carry over

[Daniel B.]

Hi, 

    My understanding is that a rental property loss carry over can be used to offset future passive income.  Can this be carried over to increase the losses of a future year?  I believe if AGI is $100,000 or less, $25,000 in rental property can be deducted.  If I have a lesser amount of losses this year (say $5,000), can I use previous years losses to increase this years losses so I can save on taxes, or does it have to be used against positive passive income?  For example, If I had $10,000 in losses I am carrying forward, can I now have $15,000 in losses this year?

Thanks!

[Brian G.]

@Daniel B. dude I recommend working with a CPA, not so much for the detailed answers they can give to your questions but so you can proactively strategize how to legally give the government as little of your money as possible. Regarding your question, perhaps the Queen of RE taxes @Natalie Kolodij can answer since she's probably pulling an all-nighter with the tax deadline so close.