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Updated almost 4 years ago,

Joel Trout's profile image
Joel Trout's profile image
Joel Trout
  • from Cadillac, mi
  • Member since May 19, 2019
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16
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2
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Joel Trout's profile image
Joel Trout's profile image
Joel Trout
  • from Cadillac, mi
  • Member since May 19, 2019
Connect
Joel Trout
  • Cadillac, mi
2
Votes |
16
Posts
General Landlording & Rental Properties

Must itemize to claim rental losses on schedule E?

Joel Trout
  • Cadillac, mi
Posted

Hello BP community.  I have 2 rental properties. One shows profit, and the other shows a loss. My accountant says that I can't deduct the losses because the "standard deduction" is higher than my losses. So there is no reason to include the loss property on my schedule E. Is this correct or do I need to find a new accountant?

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