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Updated almost 5 years ago,
Use rental losses against other income?
I'm sure this is asked elsewhere but I wasn't able to find it. I found some things online, but I trust these boards more than the wild web.
I have a single family rental. With depreciation, sometimes it's slightly positive, sometimes negative on my tax return. The question is, can I use the negative return to offset any other tax burden?
1. carry it forward to a future year? (pretty sure this one is real)
2. use it that year to offset other investment returns? (stock, note interest, etc.)?
3. continue to carry it forward until I eventually sell and use it somehow to offset something then?
all those things? Some? None?
Thanks,
Bill