Is the following correct?
Also, are the RE rental losses allowed in full and not limited by passive activity rules?
2014 had an NOL originate in that year. Did you carry it back to 2012 and then to 2013; or, make a timely election to forego the carryback?
2015 had an NOL originate in that year. Did you carry it back to 2013, or, make a timely election to forego the carryback?
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
