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    • Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
    Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
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    Loss on rental property sold

    NLMforMSS
    Level 1
    ‎04-09-2020 01:15 PM

    I have a client that sold a rental in 2018 but there was a $20,110 loss for that year (minus the $4,691 depreciation) so would that carry over onto the 2019 tax year to be used and if so, how much?  Thanks for your help in this matter.

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    1 Comment 1
    Terry53029
    Level 14
    Level 14
    ‎04-30-2020 01:36 PM

    Any lose on rental should be taken in year of disposable. 

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