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Updated over 6 years ago,
Passive losses, standard deduction
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