Thank you for your kind response.does that mean I need to fill a form 8824 for each of the new properties I receive? On the form it ask what is the basis of the...
@TaxGuyBillat this point i need to rely on me and turbotax and this community... too late to go to the tax professional now.The negative AGI is the beginning NO...
@TaxGuyBillwhy is it too late to "waive the carryback"?do i need to submit whether i want to waive the 1st year there is an NOL to use?so now my only option is ...
Since i do not want to deal with the NOL and lost the passive loss, and that i have enough from standard deduction to bring the AGI to 0 without using the 25000...
