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How many years I can carry the passive loss carryover on the same rental property?

Since turning into rental property in 2013, I have been accumulating losses every year. For 2016, I estimate I will start making profit for that rental property. May I ask how many years of passive losses I can carry over to reduce my effective gain in 2016 on beyond?

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How many years I can carry the passive loss carryover on the same rental property?

As long as it takes.  Either until you have passive gains that are offset by the passive losses, or you dispose of the property.

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3 Replies

How many years I can carry the passive loss carryover on the same rental property?

As long as it takes.  Either until you have passive gains that are offset by the passive losses, or you dispose of the property.

How many years I can carry the passive loss carryover on the same rental property?

agree
kahmunlow
New Member

How many years I can carry the passive loss carryover on the same rental property?

So what happens in the scenario where the partnership did not end but sold the sole property it owned? Can the unallowed passive losses be activated in the year it sold even though the partnership active?
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