I rented out my home this past tax year at a loss. May I carry over my deductible rent expenses into the next year?

The answer is yes in certain cases, but even then there are limitations to the amount of deductible expenses that can be carried over.

Use Worksheet 5–1 to determine whether you are eligible to carry over your deductible expenses and, if so, how much may be carried over.

The foregoing is not intended to be, and should not be construed to be, tax advice. This website offers general answers to general questions based on information obtained from www.irs.gov and other publicly available information. Collaborative Fund cannot be held responsible for the results of any position taken on a tax return by any user of this site. Users should always obtain independent tax advice from a qualified tax professional to determine the tax consequences applicable to such user’s personal situation.