BobKamman
Level 15
11-07-2020
10:28 AM
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What I am reading here is that there is a property with a 2018 loss, and no activity in 2019. And there are properties with profits in 2019, or maybe the AGI is low enough to allow losses. What happens to the 2018 carryover loss? A taxpayer can just pick and choose what year to take it? I haven't come across this situation before, so there may be something I'm missing.