@AmyC
So as an example, if I bought a house to rehab in 2017 how do I offset the expenses of its rehab when I sell the house in 2019? If I'm not able to carry them forward, I am not able to expense them because they are over the income of the business for those years until it's sold. Then in 2019, the entire price of the house being sold is considered capital gains, right?
