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Investors & landlords
Apologies as I am not sure as the proper way to continue the conversation (first time posting) so I ended up replying directly to you and adding a reply as part of the thread.
Thanks for the responses and the NOL seems exactly what I need to do. I had just one rental property and therefore only one year of NOL when I sold the property in 2018. I am sorting through the worksheet and will see if I need to post back with any questions. However, one immediate question is, once I calculate the NOL for 2019, where will I insert it in my 2019 tax forms and, since TT does not calculate it, what do I include as supporting documentation.
‎December 20, 2019
7:05 AM