abctax55
Level 15
06-22-2022
12:28 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The $ 25000 limitation is the amount 'possibly' deductible in a given year.
The carryover is not limited to $ 25000. The carryover is the entire amount of cumulative losses.
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"