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Updated 9 months ago, 02/26/2024

User Stats

24
Posts
13
Votes
Tyler Sherman
13
Votes |
24
Posts

Carry forward suspended losses

Tyler Sherman
Posted

Hello! I'm working with an accountant and I'm a little annoyed because I'd like to understand how the carry-forward suspended losses is calculated and I'm not getting a clear answer. I thought it would be as simple as adding up all of my losses  from Schedule 1 - Additional income and adjustments to income line 5 over the past few years. 

I'm a little skeptical of the amount the accountant told me it was given my expenditures and rental income over the years. Appreciate some insight here. Thanks!

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