Can you give us a little more information to better assist you?
- What type of deferred losses are to referring to? (Capital losses, business losses, passive activity losses, etc)
- Are these losses from a previous tax year that you're looking to carry forward to you 2024 tax return?
- Did you have any capital gains this year that you're hoping to offset with previous losses?
- Are these losses related to investments, real estate, or a business activity?
- Have you already reported losses on previous tax returns?
- Are you wondering about the limit on how much you can deduct this year?
Getting these details will help us provide a helpful response about how to properly handle deferred losses.
