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Investors & landlords
@morrillpj wrote:Since the loss exceeded my income, can the remainder of the "unclaimed loss" be carried forward to this tax year?
You may have a net operating loss (NOL), which can happen when suspended passive losses are released upon the sale of rental real estate.
Refer to the IRS publication at the link below to calculate an NOL.
https://www.irs.gov/publications/p536#en_US_2022_publink1000177318
‎April 2, 2023
6:18 PM
1,849 Views