Rental Prop

[goodcat]

Someone please explain the rule for rental prop destructibility. ie: Common taxpayer (not R/E professional) has a house that is rented out and has a loss of say
$10K. Can said T/P use this loss to offset W-2 income or is this loss carried forward until profit is made the deducted or suspended?

I believe the 750 hour rule is for RE Prof only and election for treatment of all props has to be made, but I'm specifically asking about a regular person with a house that's rented.

[Lion]

"Can said T/P use this loss to offset W-2 income or is this loss carried forward until profit is made the deducted or suspended?" Yes to both depending upon facts and circumstances. Did they sell the rental house? What is their AGI? Do they actively participate?