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.
Casualty and theft losses are claimed on Form 4684, Casualties and Thefts. These are the steps for calculating a deductible loss on Form 4684: Subtract the FMV of the property after the casualty from the fair market value before the casualty. Business or income-producing property is not subject to this rule.