KrisD15
Expert Alumni

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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