Thanks @dev145 and @Cindy4 . Your answers give me a better picture between capital (vs) passive income. Appreciate it.
- Understood regarding the potential capital gain / loss from the property sale, which can offset with capital loss from stocks.
- Let's say I have passive income loss (i.e. rental, renovation loss, etc.) on first and 2nd year. The loss balance will stack and carryover. If the 3rd year becomes profit, then I can offset with the passive loss from previous 2 years. Is this correct ?
- Is there a time limit for passive loss carryover? Other words, can I carryover the loss into another passive income to another rental property?
Thank you again !
