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Updated almost 11 years ago,
Can I balance gain/loss between rental properties under personal account and under LLC?
Please bear with me for my newbie questions. I have rental loss on one rental property that is under personal name. I recently bought another rental property. If I move the new property to a LLC, then can I still use the carried forward loss on the other property against the gains from this LLC property?
What's the best way to handle this so that I can still claim against the carried forward loss?
Thanks a lot in advance for your advice and suggestions.
Regards,
Helen.