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Updated about 6 years ago, 10/09/2018

User Stats

175
Posts
73
Votes
Aaron Smith
  • Investor
  • Washington, DC
73
Votes |
175
Posts

Passive losses, standard deduction

Aaron Smith
  • Investor
  • Washington, DC
Posted

Hi BPers,

Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a different story, but I can't. 

My question is, if I take the standard deduction, will all of the passive losses from that year be suspended and carried over to the next year?

Thanks!

Aaron

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