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?
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1 Best answer
Rick19744
Level 13
Jun 4, 2019 6:26:51 PM
Each year you will be faced with the $25,000 ceiling limitation; combination of carryover and current year.
1 Replies
Rick19744
Level 13
Jun 4, 2019 6:26:51 PM
Each year you will be faced with the $25,000 ceiling limitation; combination of carryover and current year.