File taxes with Rental losses - How to deduct

[Sandeep Reddy]

Tax Question -

My Rental Expenses ( Repairs and maintenance + Depreciation) is greater than the annual rental Income. And I understood since its passive income, the remaining losses will not apply to my W2 wages. With that how should i complete my taxes considering i want to use my most rental tax benefits ?

- Previous year I used a Accountant, he suggested to hold on to expenses and just do Rental Income minus depreciation = + Income ( added to my whole w2 income)

- this year I’m doing it my self through, and its ignoring the negative passive income at all, if i input all expenses etc

Please suggest how should i handle it?

I got to know i can carry forward all the expenses to further years but how about depreciation?

Thanks in advance and I appreciate if any RealEstate friendly CPA recommendations.