Tax Question:. Do I make to much in my day job?

[John Hanna]

Greeting Bigger Pockets Family:

I have a few rentals that I could write-off some significant losses on but I was told by my tax preparer because I make over $150k/year I won't be able to take advantage of any significant losses and that the losses can only be carried over. Is this true? If so, what are some Strategies others have worked with in this scenario?

Thanks,

John

john

[John Hanna]

Thank You all for your replies and confirmation.  It looks like I will be carrying over some losses.  I did not know upon selling I can get back the losses.  Great information!