GeorgeM777
Expert Alumni

Investors & landlords

Yes, your passive losses will carryover year after year.  The benefit of having active participation within the income thresholds was to allow passive losses to offset ordinary income.  However, given your income, you don't have the option of offsetting ordinary income with your passive losses.  But, because they do carryover, if you have passive income in 2022, then those prior year passive losses will offset that 2022 passive income. 

 

@taxjedi1

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