Site: nolo.com
... It is extremely common for landlords to have rental losses, especially in the first few years they own ... However, there are also important exceptions to the rules that were created to help small landlords and ... Thus, it is useless for high-income landlords. ... Unlike the $25,000 exception described above, this is a complete exemption from the rules--that is, landlords ... For most landlords, this is impossible to do, which makes filing an election very important. ...