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Updated over 8 years ago on .

User Stats

2
Posts
2
Votes
Alina Laurie
  • Pearland, TX
2
Votes |
2
Posts

Passive Activity Loss

Alina Laurie
  • Pearland, TX
Posted

Hello, my husband and I have owned and rented out a condo for 10 years. We have accrued a passive activity loss that we carryover each year because our joint income is too high to take any of the loss on our tax return.  Is there a way we can ever take that loss? 

What kind of professional should we look for to hire who can assess everything: our income, rental property, etc... to help us make better decisions for the future?