Suspended Passive Activity Losses Carry Forward
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These deductions are not lost forever.
Suspended passive activity losses carry forward. Rather they are carried forward indefinitely until either of two things happen. A capital loss that cannot be realized in a given tax year due to passive activity limitations. When the passive loss incurred is greater than the passive income generated the excess loss can be suspended and carried forward indefinitely until the entity has enough passive income to absorb. These suspended losses are a result of passive activities and can only be carried forward.
You have rental income or other passive income you can deduct them against or.
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