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Investors & landlords
I sold a property in 2019 and it reduced my capital loss carryover amount by the gain in the sale.
fine sofar. But it also reduced my passive loss carryover amounts for both the sold condo (entire amount) and other rental condos by large amounts. Why? Shouldn't the deduction for the unsold condos be restricted to $25K?
March 29, 2021
3:31 PM