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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.
March 18, 2022
8:46 AM