TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

How to apply one rental property's loss to other rental property's income?

Forum|Forum|3 years ago
March 9, 2023
2 replies
0 views

Hi Expert,

I have a few rental properties, there are more than $40,000 net income all of the rental properties net income except $9,000 loss on one property. The turboTax software only shows my $9000 loss carrying over to next year. Is any way I could use the loss this year? I can't find the option which I can chose. I used TurboTax Home and Busess Version. Please advice how I can use the loss with other rental income together this year 2022.

Thank you!

TurboTax Home & Biz Windows

Employee

See @MinhT1 's response in the thread at https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/partial-rental-of-my-home/00/2941572 as it sounds to me like your AGI is to high.

lkangAuthor

I have solved it by myself. Thanks!