Keep one rental property and Real Estate Pro designation to keep my big NOL carried forward usable against all future income? Or OK to sell all rentals?

EvSenter · ‎February 3, 2022

I'm retiring at 85 to have less activity and big gains. Future income expected to be from stocks and bonds and maybe blockchain investments. Will NOL work in those areas with no more real estate and no RE Pro designation?

PatriciaV · ‎February 6, 2022

In general, NOLs generated by a Real Estate Professional can be used to offset ordinary income and should survive the liquidation of the assets in the related business. However, you may wish to consult a local tax professional who would be able to provide advice specific to your overall tax situation for the future.

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Keep one rental property and Real Estate Pro designation to keep my big NOL carried forward usable against all future income? Or OK to sell all rentals?