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I'm looking at selling a rental home for 282k. I bought it
I'm looking at selling a rental home for 282k. I bought it for 165k. I've owned it for 20 years. Can I offset capital gain with unused losses … read more
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I have a couple of rental properties that I file under
I have a couple of rental properties that I file under schedule E. I am looking to sell one of them this year and wanted to know if I can claim the accumulated losses on my other properties on this ye… read more
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I have serveral rental properties, and an overall passive
I have serveral rental properties, and an overall passive activity carry forward loss of $650k from 2017. This is basically related to properties B and C. I'm planning on selling property A at a $700k… read more
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I have a rental with a loss carryover of 32000 due to income
I have a rental with a loss carryover of 32000 due to income restrictions. I sold the property and the federal is allowing me to take those losses now. CA, however is not letting me take them. I read … read more
Chad EA, CDFA®, CFP®
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I am registered as a real estate professional with the IRS.
I am registered as a real estate professional with the IRS. I am a "Broker, Architect and Real Estate Developer. Full time. I have losses carried forward on my California taxes for many years on my Re… read more
Lane
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Does the income threshold apply to a taxpayer when selling a
does the income threshold apply to a taxpayer when selling a rental property at a loss. … read more
Lane
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I own several rental properties and sold three in 2015. I
Hi, I own several rental properties and sold three in 2015. I will have a substantial capital gain on the order of $500,000 as a result of these sales (mostly deferred gain since they were all acquire… read more
Mark Taylor
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I sold one of my 2 rental properties in 2015. The un-allowed
I sold one of my 2 rental properties in 2015. The un-allowed losses from both properties have accrued over the years. My AGI was over 150K though, and after working through TurboTax, I found that I co… read more
Jonathan Tierney
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I sold a rental property in 2015. I know I can use the
I sold a rental property in 2015. I know I can use the passive losses from that property to offset some of the capital gains. I want to know if I can also use the passive losses from another rental pr… read more
Lane
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If I have a loss from the sale of a partnership interest,
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Lev
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I have passive income from the rental of my former home. I
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. I am a UK citizen with 2 rental properties located in the
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If a rental property has prior suspended losses due to income
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If you dispose of a rental property, I understand that the
If you dispose of a rental property, I understand that the suspended losses over the years can be used to offset ordinary income (irs tax code 469) and if have loss on sale on rental property, this ca… read more
Lev
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We own a rental property. We are spending about $15,000.00 ...
We own a rental property. We are spending about $15,000.00 to completely rehab it and will rent it out again at a higher rent. I also am self-employed, own and operate a business. My accountant says t… read more
RD
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Master's Degree
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I have a rental house that produces a net loss after ...
I have a rental house that produces a net loss after depreciation is considered but in the past I have not been able to use this loss to offet my other "active" income because it is considered a "pass… read more
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