UU1
Level 1

Get your taxes done using TurboTax

Hi, Thanks for your answer.  I think.   I am retired and do not own any property or business since we sold

our rental property.  I remember reading that excess passive carryover losses can be used indefinitely up to

$3000 per year to off set any capital gains.  Since we sold our rental property we had $90K un-used losses.

I am not an accountant.  Please be kind.  Thanks.