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Investors & landlords
@user17524270358 wrote:I guess I figured it out. TT is only offsetting passive income from "ABC" using passive losses (including accumulated) from all investments
That is correct. Passive loss carryovers can be used to the extent of passive income. Because the one investment was sold at a gain, you have income from that passive activity, so the other passive losses can be up to that income.
3 weeks ago
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