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Passive activity loss
Old 12-17-2013, 01:28 PM   #1
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Passive activity loss

I have a question on passive activity loss carryovers upon disposition of the activity, in this case, rental real estate. Are these losses like capital losses in that you can continue to carry them forward to offset future income? Or is it one and done in the year you dispose if property. Any help would be appreciated.

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Old 12-17-2013, 01:32 PM   #2
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One and done
Tax Topics - Topic 425 Passive Activities – Losses and Credits

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Old 12-17-2013, 02:31 PM   #3
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Originally Posted by Z3Dreamer View Post
Thanks for the link. I was hoping that you could choose to carry them over to use against other passive income.
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