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Level 2
September 17, 2023
Question

Carryover

  • September 17, 2023
  • 1 reply
  • 6 views

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?

 

thanks

1 reply

Level 15
September 17, 2023

What type of carryover?

 

Carryovers from rental real estate are typically passive loss carryovers However, if this was from your business, did you have an NOL carryover?

Fatcat113Author
Level 2
September 17, 2023

NOL? sorry what does that mean?  my 8829 said I had a carryover to apply to 2022, but because the business is closed, I don't know how to claim it.