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Investors & landlords
Thanks so much for you reply! I have enough passive losses to cover the gain on the rental property that I sold within the sold rental, but I have other rentals that were not sold that I am being told should also release their suspended carry forward losses against my other income on my tax return. The program is not doing that. My old CPA I used to use says that this should be happening, but it is not. I sold a property in 2019 and what the CPA is telling me is what happened back then in Turbot tax. That gave me a big refund of taxes that I had already paid in quarterly estimated taxes. For some reason this is not happening this time for me. Thanks agin for you reply!
March 4, 2025
6:13 AM