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Investors & landlords
GA begins the return with the federal AGI which may include the rental loss. If you are an active participant and income allows a deduction, your loss is already accounted for on your federal and state.
There is a difference between a suspended loss and a net operating loss. If your suspended loss qualifies as a net operating loss, then you would claim the loss on the GA 500 NOL.
A GA NOL occurs when your business deductions exceed your gross income for the year. The GA NOL is related to the federal NOL.
When filing the GA form each year, your suspended losses are being tracked so that when you have a profit or sell the house, you can recoup the suspended losses.
See IRS pub 536, NOL & 500-NOL Net Operating Loss Adjustment
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‎January 21, 2026
9:31 AM