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March 30, 2025
Question

is the loss from my rental an investment loss

  • March 30, 2025
  • 1 reply
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I have federal carryovers to 2024 of $5,195

    1 reply

    March 30, 2025

    No, it is an passive activity loss(PAL).  You can use PAL against other passive income or it carries forward.  It will be carried forward until you completely dispose of your interest in the activity.  See Rental Real Estate and Taxes - TurboTax Tax Tips & Videos.