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Investors & landlords
Ooops, sorry for my alarm. I had not confirmed that. Thanks, I think I'm understanding now.
The losses appear to be "allowed". They are getting subtracted each year from the other properties gains, so of course they aren't carried forward. I looked into this further and it's likely because some years ago I must have elected somehow to combine the properties and/or that I actively participate.
I'll assume this is right unless you tell me otherwise but until then: Thanks for setting me straight!
March 16, 2021
10:15 AM