Depreciation & Interest Passive Activities?

[Aaron Moayed]

If you have depreciation and interest deductions that can’t be used (say your before tax income is only $200, and your int/dep deductions are $5,000), are those unused deductions passive activity losses that are carried forward even though you had some positive income?

[Michael Plaks]

Originally posted by @Eamonn McElroy:

@Aaron Moayed

Take a read through IRC Sec 469 and the related regs.  Yes...it's going to take a while.  Tax law doesn't come easy.

Taking the teach a man to fish, as opposed to give a man a fish approach.  : )

This is more like drowning an innocent man...