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Investors & landlords
Yes, you can claim a Business Loss for the third year (it is not a Capital Loss).
However, you do need to be sure it is considered "business" rather than a "hobby". A business means you are definitely putting forth effort to earn a profit. See link for details.
https://www.irs.gov/uac/business-or-hobby-answer-has-implications-for-deductions
May 31, 2019
6:24 PM