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Get your taxes done using TurboTax
You are correct in that any loss limitations will reduce your tax basis even if suspended. However, these suspended losses will be freed up upon your complete disposition; assuming you have basis.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
May 5, 2021
2:12 PM