- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@morrillpj All suspended losses are released in the tax year of the sale. However, if those suspended losses get your total taxable income to $0 and you still have more of those released losses to deduct, then if you do as @KrisD15 has said, the program "should" carry over any unused losses to 2023. You'll be able to deduct a maximum of $3000 a year until all used up. The carry over "should" be on the 8582 in your 2022 tax return.
‎April 2, 2023
5:07 PM