Our rental LLC has a $41K loss. $25K is allowed due to active participation. Is there a limit on how much of the $16K loss carry forward I can use to offset 2017 income?

stevemfreeman · ‎June 4, 2019

Rick19744 · ‎June 4, 2019

Each year you will be faced with the $25,000 ceiling limitation; combination of carryover and current year.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Rick19744 · ‎June 4, 2019

Each year you will be faced with the $25,000 ceiling limitation; combination of carryover and current year.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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