I lost a real estate rental in the Houston Hurricane a couple of years ago.  It ended up being about a $100,000 loss when all said and done.  Now it is a long term loss on my taxes I can't seem to use, because the rental property is gone.  Can I convert it to schedule D to start taking a little of it each year? We no longer have the property, and no longer have any rentals?  I'm perplexed as to what my options are if any...  Please help..