If no one chimes in that is from NJ then I would recommend contacting local investors and asking for guidance.

In addition, you can listen to the Straight Up Chicago Investor for great local knowledge and contacts. 

Please contact me below, I hope to hear from you soon.https://app.wavecnct.com/profile/ty.coutts.2mod

Dm and I will share her info.

Quote from @Rud Sev: Hi Michael,Thank you, I will message my CPA asking for a more detailed explanation.I've been inquisitive with my CPA, but unless I ask question I do not get explanation (and unfortunately not a walk-through), although I've shown interest understanding this further and further.I'll try to reformulate my question more clearer (and with more data) - the problem that I have and will have is figuring out if my questions and confusion are due to a lack of understanding on my part, or my CPA is truly making mistakes.Regarding carry back, thank you for this info.

Knowing this I had my real estate agent contact the seller's agent, let them know the situation and then made a back-up offer asking for only 15 days to close on a cash deal.

Listen to the BP pod cast show number 77 and there is some good info on approaching sellers. 

The only thing that saved me was the evidence, which overwhelmingly showed she was bat-$hit crazy and that I had never contacted her or visited her property.

Your solution is to contact you for business. 

It is useful info IMHO but T12 is not always an indicator of the next 12 months.