Can Losses Be Used In Future Years When There are None?

Question

Can Losses Be Saved and Used In Future Years When There are None?

Linda Weygant · Answer

Passive losses roll forward indefinitely.

Maybe you could clarify the type of loss you're asking about and it might help people get you a solid answer.

Lance Lvovsky · Answer

@William Coet

Net operating loss?

Yes. NOL after 12/31/17 is carried forward indefinitely. NOL before 1/1/18 is generally subject to 2 year carry back and 20 year carry forward.

William Coet · Answer

Losses when expenses exceed rental income

Caleb Heimsoth · Answer

@William Coet. Losses carried over last 5 years then expire.

Consult your cpa