Skip to main content
June 1, 2019
Question

I have a rental property loss of $3813 in 2018. In the Oregon tax return,passive activity loss: 1) why is federal set to $0? 2) should I go ahead and put $3813 in Oregon?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available

    1 reply

    June 1, 2019

    If your income is over $150,000, you cannot deduct passive activity losses. They are suspended and carried forward until you dispose of the property.

    ekiladaAuthor
    June 1, 2019
    Thank you. Yes, my income is above $150K. Does that mean in the Oregon Tax return -> passive activity losses difference, I should put $0 in both the federal and Oregon fields? I thought I should put the correct loss value in the Oregon field, and TurboTax would calculate automatically what can actually be deducted. I see an increase in my return when I do that.