The business closed in Sept 2021. There was a carryover amount. How do I claim this. I have rental property that is still active. Can I still get the carryover amount or do I just need to eat it?
Sorry it was the business that we closed that the carryover, not the rental. I still have the rental and not sure if the carryover loss from the business can be used toward rental income. Not sure what NOL is, sorry. All was at risk in the business, which is why we had to close it.
If the business closed in 2021 then you should have indicated that and the form 8829 would have also been "closed" ... no 8829 carryover can be claimed in the future years until you either open a business again or sell the home.
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