Using prior Capital losses against this year’s profit

[Tony Mayo]

I have a few properties that have carried capital losses (i was not able to take a loss because i am not a real estate professional and I make to much other income)

I am now starting to realize gains on these properties… so am i able to take those carried losses against my current profits? Or do i have to wait until I sell to realize those losses on the final sale? 

Thanks in advance!

[Ashish Acharya]

You can use those losses against the income. I dont think they are capital losses, they are normal PAL.