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Z
Zhipeng
April 2, 2025
Question

Can I use SRT loss to reduce my W-2 income tax?

  • April 2, 2025
  • 1 reply
  • 0 views

I bought the STR property in January 2024, which is in a different state than my residence state, and I have a property management company managing my rental property.

 

In 2024, I have STR loss, can I use that SRT loss to reduce my W-2 federal income tax?

Thanks.

1 reply

M
MAK70
April 2, 2025

You would only be able to use the Short Term Rental loss if you are not restricted by the passive activity or the material participation rules.

 

See IRS Form 8582: Calculating Passive Activity Losses.

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