Hi @phibarn
Passive Losses are able to be carried forward as long as you claimed them in previous years and they were disallowed.
Generally, losses from passive activities that exceed the income from passive activities are disallowed for the current year. You can carry forward disallowed passive losses to the next taxable year. A similar rule applies to credits from passive activities.
See this Publication HERE
These deductions are not lost forever. Rather, they are carried forward indefinitely until either of two things happen:
- you have rental income (or other passive income) you can deduct them against, or
- you dispose of your entire interest in the property.
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