- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
<sigh> I was afraid it was going to be something ridiculous like that. "Too poor to qualify for aid" matches so exactly with what I'm seeing (and what I'd expect from congress) that I'm sure you're right that this is what's happening.
Do you spose there's some way to finagle this?
I know there's such a thing as "Capital Loss Carryover," but I barely understand it. I expect that generally you'd want to recognize as much of a loss as you can to reduce your income (and thus your taxes), but clearly it's biting me in the ass this year. Is there some way to 'carry' this loss over to next year?
Alternately, am I *required* to report the loss at all? I expect that for most people it's a benefit that reduces their taxes, so they'd want to report it. But if I don't want the "benefit" of being able to write off the loss, am I required to do so anyway?
Yes, I realize I'm grasping at straws. But we're talking several thousand dollars here. A little straw-grasping before watching it all vanish seems warranted.