ThomasM125
Expert Alumni

Retirement tax questions

There would be an exception to including the form 3801 if you had a loss that was fully deductible on your federal income tax return (typically a loss under $25,000) and you have no other passive activities. Your loss would not be fully deductible if your income was over $100,000. If you had a non-deductible loss in a prior year, it can be carried over to future years.

 

 

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