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Investors & landlords
You can write of a minimum of $3,000 of the loss in the year is was sustained. The balance you can carry over to future years.
You can write a capital loss off against capital gains, and if you have a net loss, you can deduct that against ordinary income up to $3,000 per year. Any unused loss can be carried over to the next year until you use it all up.
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‎February 17, 2022
3:41 PM