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.
1 Most small landlords can deduct up to $25,000 in rental property losses each year. 2  A special tax rule permits some landlords to deduct 100% of their rental property losses every year, no matter how much. 3  People who rent property to their family or friends can lose virtually all of their tax deductions.