All Forum Posts by: Mohamed Youssef

 The loss is limited to $25000 only if you are adjusted gross income is $100,000 or less.

And yes, as long as you are not benefiting from these deductions then you don't have to worry about the depreciation recapture rules when you sell or exchange in the future.

I don't see any issues from a tax standpoint with not renting the property. You will be able to claim the expenses (i.e. depreciation, property tax, utilities, etc.) still every year but the rental loss will be limited if you are not a "real estate professional"