I have over $3000 of capital loss carryover from 2008. It was a loss from stock sales. I have no taxable income for 2009 (had income but less than total deductions). I understand that I am allowed to use -$3,000 of loss carryover to offset the income. When my total income is less than $2,000...

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...

Hi, doing my partners tax return again. Rental losses carried forward from 2007 but as no rental income to declare this year how do I ensure losses are still carried forward. Help appreciated!

Is applying a capital loss carryover to a current years capital gain optional? Deails: I have a capital loss carryover of say $5000. In 2007 I have a capital gain of $2000. I know I could offset that gain with some of my capital loss carryover. BUT... suppose I am already paying zero in tax...