Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on .
Most recent reply
presented by

irs form 8582 unallowed and allowed losses
Hello,
I have a question. Say I have a net loss of 20k. 4 properties each have 5k loss. The allowed loss for each is 3k and unallowed is 2k. for next year am I allowed to carry over the net loss 20k? or just the unallowed loss(2k for each property). Since no property had any gain that allowed loss of 3k per property is lost? I could not find an answer to this online and irs rules. It looks like I would carry over the entire loss regardless if it were allowed or unallowed because the allowed losses could not be used to offset any gain.
thanks!