If losses were passive, are they converted to active if capital gain loss carryforward is used to satisfy any tax liability otherwise resulting from LTCGs?
How are the LTCGs and negative income numbers determined? If taken as negative income in year 1, are there any circumstances where they can be taken again in later years? In either case, is there an easy and effective way to both anticipate magnitude of future negative income and likelihood that it will be applied to a given tax year's return?
Some questions repeat from original post. Other questions from original post remain. Please read in totality for most complete response possible. Reference to sources helpful, if available.