NOL Net Operating Loss for Rental Properties

[burgerguy14]

I understand how the income limitations phase out the special allowance.

So the 25k special allowance loss is not something that can be carried over to the next year if unusable as in the example above?  Only the amount over 25k (3k in this example is above) is carried over.

[Anonymous_]

Yes, the excess loss (above $25,000) is suspended and carried forward.