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Updated 3 months ago, 08/16/2024
Total Rental Properties Losses to offset capital gain of 2 rental homes being sold
My CPA is telling me that I cannot use the sum of all my rental properties losses grouped together as one large loss to offset capital gains of the sale of 2 of those properties. He is saying that I can on only use the losses of each property again the capital gain of each property. Is he correct? Please advise