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Get your taxes done using TurboTax
Great answers from the previous expert. Any unused passive losses (rental losses are mostly passive unless you're a real estate agent/attorney) should be carried forward until the property is sold. In the year of sale, you can use all unused passive losses to offset other income reported on the return.
Ruth C-L, CPA, Esq.
‎November 15, 2023
4:04 PM