On the carryover report there are nonrecaptured sec 1231 losses. if there are no sec 1231 gains to offset them in the next 5 years, what happens to those losses? thx
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On the carryover report there are nonrecaptured sec 1231 losses. if there are no sec 1231 gains to offset them in the next 5 years, what happens to those losses? thx
On the carryover report there are nonrecaptured sec 1231 losses. if there are no sec 1231 gains to offset them in the next 5 years, what happens to those losses? thx
They are not really "losses" so to speak but they do come into play in how a 1231 gain is computed and since the look back period is only 5 years any losses not used are no longer considered.
On the carryover report there are nonrecaptured sec 1231 losses. if there are no sec 1231 gains to offset them in the next 5 years, what happens to those losses? thx
They are not really "losses" so to speak but they do come into play in how a 1231 gain is computed and since the look back period is only 5 years any losses not used are no longer considered.
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