george
Level 2

Husband & wife have a partnership (Form 1065) and in 2017 purchases a small commercial rental. They are classified as Active Participants and this is the only passive activity they have. They have had losses each year and probably will do so for the next several years. Do I carryover the NOL from one year to the next or are they required to have income from passive activities in the same year as losses in order to carryforward the excess losses is any?

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