I believe what you are pointing out is: there wasn't anything I needed to do on my 2019 tax return with respect to the NOL or waiving my right to a carryback on...
Was there anything I needed to do in my 2019 tax return to denote that I had a NOL aside from the fact that my AGI was negative? Pub 536 was not very clear that...
Ok, thank you @Anonymous_!I calculated my 2019 NOL by using 2019 Pub 536 worksheet 1 and I do have a NOL. Should I have done anything on my 2019 return to denot...
@Anonymous_So, what you are saying is that my passive losses became ordinary losses when I sold the property? Is that accurate?Also, with respect to the NOL.......
Thanks for the response!I read the IRS link you provided in your response. The losses that I had when I sold my residential rental property, I had passive activ...
