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Investors & landlords
Thank you. Yes, I have done all that. I had a loss of $4000 for 2018 for rental. I had interest income of $6000. I had a net gain of $2000 before my standard deduction of $13600. My only other income was small amount of non taxed social security. I filled out Schedule A form 1045 and believe I have an NOL of $4000. If this is correct, since it is no longer possible to carryback NOL from 2018 do I need to include the calculations and a note electing to carry it forward? I am planning to submit by mail. Did I do it correctly? Do I need to do anything to carry it forward or will it automatically be carried forward to next year. Thanks,
‎June 4, 2019
4:46 PM