Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply presented by

User Stats

114
Posts
49
Votes
Gagan P.
  • Real Estate Investor
  • Austin, TX
49
Votes |
114
Posts

Rental Loss carry-forward

Gagan P.
  • Real Estate Investor
  • Austin, TX
Posted

Do rental losses need to be used in the same year?

Example: $15k in personal income but also $12k in real estate losses.

If there's enough deductions to not pay tax on the $15k, then what happens to the $12k rental losses?

I've searched it and apparently Form 8582 is the form to be used, but TurboTax doesn't suggest or mention it once. Can these be carried forward or capitalized?

Second question. How do we capitalize expenses (whether the above losses, or things such as replacing an AC or flooring)? Again, TurboTax is useless here.

Thanks :)

Loading replies...