Accumulated passive Losses

[Rajesh T.]

Hello Guys,

I was told by my accountant I cant file my RE losses on real estate for 2015 since my income exceeded the limit, I have not setup an llc ..how do you structure the above to show your losses, I was told even setting up llc would not help since the income/losses would eventually end on my tax returns and when you cross the income limit. We can accumulate them against future sale or when your income goes down..appreciate all inputs on this.