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April 9, 2020

Loss on rental property sold

  • April 9, 2020
  • 1 reply
  • 5 views

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 reply

    Intuit Community Champion
    April 30, 2020

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