 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Active Participation in a passive activity w/ prop. Mgmt? + Rental Real Estate Loss Allowance? Hi, I own one home in FL which I am currently paying interest on both a mortgage and a HELoC. I will be soon moving to GA for a few years to work as a contractor and (hopefully) go to graduate school...
I rented out my primary residence for a while and has a passive loss carryover. I heard that I cannot use it until I sell the house. 1) Can I offset it with other passive income such as investment income? 2) When I sell the house, how does the passive loss carryover affect the primary...
Scenarios: I lived overseas for a while so I rented my primary residence during my absence. I have a passive loss carryover in year 1. I had additional passive loss carryover in year 2. The house became my primary residence in year 3. Can I claim my passive loss carryover in year 3...
I am converting my rental property to primary resident by moving in it. I have accumulated quite some amount of loss which I can't deduct during rental years because of passive activity limitation. Can I deduct all those loss when convert it to primary resident? Or do I have to wait I actually sell...
Form 8582 - Passive Activity Losses confuses me? In 2007, my accountant submitted this form, because I had a net loss of $2,000. With my repair work, and estimated deductions, I will take a loss for 2008 as well. What are the rules and my expectations with this form for I am attempting to file...
View more questions Search
|
