Hello and thanks you for using Just Answer. The only exception is if you are a eligible real estate professional. The $25,000 active rental loss limitation does not apply to these taxpayers.
1 Individuals must materially participate in their rental real estate activities to qualify for unlimited loss deductions.
2 More than 50% of the individual's personal services during the tax year are performed in real property trades or businesses in which the taxpayer materially participates.
3 The individual spends more than 750 hours of services during the tax year in real property trades or businesses in which the taxpayer materially participates.
If you do not qualify as a real estate professional unused deductions, due to your gross income over $150,000, may be carried forward to subsequent tax years.
I understand but IRA withdrawals must be reported on the taxpayer's federal tax return the year withdrawal. There are no exceptions.