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Updated over 3 years ago,
Limit to how many years you can take a loss against w2?
I make under the limit to be able to deduct 25k against my w-2 teaching income. Is anyone aware of there being a limit to how many years you can consecutively take a loss? I am not sure of how pissed the IRS would be if I took 20k against my income for the next 5 years.