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Investors & landlords
To enter the loss, type nol carryforward into the search box and then click the "Jump to nol carryforward" link
Documentation you would keep would be copies of the previous years' tax files where the losses occurred.
The loss is taken on the final return, but any loss that is left over does not transfer, it is lost forever.
The short term loss is also claimed on the final return but may be limited.
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‎February 8, 2020
2:23 PM
6,513 Views