Re: Why is the tax return not limiting rental loss to $25,000? It is allowing the full loss that should be carried forward.

TaxGuyBill · ‎02-22-2020

@allie-mcwhorter wrote:
and the professional box is checked.

If they are a Real Estate Professional and they "Materially Participate" in the rental, there is no limit. They are allowed to take the entire loss.

So just double-check that they actually DO qualify as a Real Estate Professional.