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Investors & landlords
Sorry, should've clarified. I meant I can't use the suspended passive losses from property B to help balance out the property A gain.
What I get now is simply:
I sell property A at a gain, it's not passive income therefore I can't use the suspended losses I built up from property B.
I sell property B at a gain or loss, all the suspended losses on property B get released.
Is this correct?
May 27, 2021
4:57 PM