George4Tacks
Level 15
09-19-2021
12:33 AM
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How was this non passive loss carryover generated? Was the client not a real estate professional in prior years? If they were, how is it that losses were not fully used? How do you know how much these losses were? Where did they show on the prior year return?
I am confused! Please help me to understand this situation.
Answers are easy. Questions are hard!