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sewellmatts
New Member

Deferring passive losses

I have carryover passive losses (CPL) on property A which I have not sold and continue to operate in 2018 .TT is applying the CPL against an unrelated real property gain in 2017.  How do I continue to defer the CPL for property A to the future instead of having TT apply it 2017?

1 Best answer

Accepted Solutions
TaxGuyBill
Level 9

Deferring passive losses

Sorry, you can't.

If you have other passive gains, the carryover losses will offset that, and you can't choose not to take it.

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1 Reply
TaxGuyBill
Level 9

Deferring passive losses

Sorry, you can't.

If you have other passive gains, the carryover losses will offset that, and you can't choose not to take it.

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