Denise G. asked
I have a rental property that produced losses for several years in a row, and I could not write off these losses from my taxes due to tax limitations. This year, I have a profit on this property. Will this profit be reduced by the previous years' losses?
June 7th, 2024
James C. answered
Yes, the profit from your rental property this year can be reduced by the previous years' losses. If...
June 7th, 2024
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