Announcement

Collapse
No announcement yet.

Tax deduction

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Tax deduction

    I has some investment in a rental property and syndications. I have net negative losses from those. Can I use those losses against gains from trading stocks, dividends, etc? My CPA said I cannot. I know I cannot use RE losses against my clinical income.
    Thank you.

  • #2
    Read Schedule E Instructions and 8582 Instructions. Unless you meet very specific requirements you cannot include losses from real estate in the current tax year. These should be carried forward and tracked on Form 8582.

    Comment

    Working...
    X