Young-TP
Level 3
03-02-2020
09:23 PM
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Level 12
03-02-2020
09:37 PM
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yup
Losses that are not deductible for a particular tax year because there is insufficient passive activity income to offset them (suspended losses) are carried forward indefinitely and are allowed as deductions against passive income in subsequent years.
If at first you don’t succeed…..find a workaround