If a taxpayer has a rental loss that is limited by the size of AGI, can that be carried forward to future years?
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Rental loss limited by income
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Yes
Yes, it is suspended until he has rental income to use it against or a lower AGI if he qualifies to take up to $25,000 loss or until he completely disposes of the rental in a fully taxable disposition. Look at At-risk rules first on page 7-14 and then passive activity loss limits on page 7-10 to read about limits on rental losses.
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