If your income exceeds $150,000, your ability to deduct passive losses from rental properties is limited, and any disallowed losses carry forward to future years under the passive activity loss rules.Yes, the deductions can accumulate and roll over year after year.

The possibilities are endless… Anything from guests leaving a bunch of lights on, to leaving the oven on, to leaving food out on the counter to rot and attract pests…Just wondering how people deal with this situation where the guests check out and the cleaners can’t go over there for a couple of days?

Just some food for thought. 

I have a daughter with some health issues and has a strict diet regime of prepared foods.

The loss is very big for those family.

From the leads and SMSing sellers, I know there's alot more deals in the FSBO/expired area as stress, recession,  job loss (hope not), and interest rates stay this high.   

Luckily most of my tenants only pay $50 a month of their portion so its not worth the loss of the 98% I get paid directly from the state. 

As many STRs in the area, I have been dealing with cancellations and loss of revenue and will likely to do so for the forceable future.

In a nutshell, can I offset my gain in box10 with loss from box2 and other passive activity losses (eg.

Furniture covers as I said, a couple of food and water bowls, a mat for those as well.We also have cheap towels we bought for around 2 bucks.