Annie Jaffrey. https://www.youtube.com/user/AnnieJaffrey. I love her. She's become one of my favorite gurus she's very sweet and very genuine. She covers a lot of topics from weight loss to the usual.
You cannot deduct passive losses if you do not have any net income from your property rental for the tax year. Passive losses cannot reduce your income from wages, but you can defer the losses to future tax years or deduct any losses carried forward when selling the rental house that generated the loss.
Deductions for Casualty and Theft Losses. 2017-01-02Casualty and theft losses are generally deductible and reported on Form 4684, Casualties and Thefts, but the amount that can be deducted and the deductibility of incidental expenses, such as appraisals, depends on whether the property is personal, income-producing, or business.