I have a capital loss on the sale of rental property. Where do I find how much I can carry forward (that was not used to offset capital gains in the current tax year)?
I have a capital loss on the sale of rental property. Where do I find how much I can carry forward (that was not used to offset capital gains in the current tax year)?
When you have an allowable capital loss in the current tax year, you must claim it to offset any capital gains you had in the current year. Please read the following TurboTax article to assist you. Carrying Capital loss
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