2015 Rental Loss Carryover We sold a house in 2015 that had been our primary residence and converted to a rental home in 2012. We had a loss of 48,000 on the property that was reported on our 2015 taxes on Form 1040 Line 14. We were under the impression that we should be able to carryover a portion of this loss to claim for our 2016 taxes, however, it is not pulling into our 2016 taxes when we load them. Our questions are the following:
1. Should we be able to carry over some of this loss?
2. Did we file incorrectly in 2015, meaning we should submit a correction for that tax year?
3. Did we file correctly and simply move forward with our 2016 taxes as-is?
Thanks! |