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Can I use prior year QBI Carryforward losses if I am no longer a Real Estate Professional?
In prior years, I qualified as a Real Estate Professional and have QBI Carryforward Losses. I no longer wish to keep tracking my hours but am wondering if I may apply the remaining losses to reduce passive activity income in future years. Can I use prior year QBI Carryforward losses if I am no longer a Real Estate Professional?
May 11, 2023
11:05 PM