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  2. Writing Off Losses on Sale of Investment Property - AOL

    www.aol.com/finance/writing-off-losses-sale...

    Before selling rental properties or other investment real estate at … Continue reading → The post Writing Off Losses on Sale of Investment Property appeared first on SmartAsset Blog.

  3. 1231 property - Wikipedia

    en.wikipedia.org/wiki/1231_property

    1231 Property is a category of property defined in section 1231 of the U.S. Internal Revenue Code. [1] 1231 property includes depreciable property and real property (e.g. buildings and equipment) used in a trade or business and held for more than one year. Some types of livestock, coal, timber and domestic iron ore are also included.

  4. Loss on sale of residential property - Wikipedia

    en.wikipedia.org/wiki/Loss_on_sale_of...

    To calculate the loss on residential property that was converted into a rental, prior to the sale of the property, Treasury Regulation section 1.165-9(2) states that the basis of the property will be the lesser of either the fair market value at the time of conversion or the adjusted basis determined under Treasury Regulation section 1.1011-1.

  5. What Is a Tax Loss Carryforward? - AOL

    www.aol.com/tax-loss-carryforward-112652068.html

    A loss carryforward lets a taxpayer use a loss incurred in one year to reduce tax obligations in a future year. Businesses and business owners can carry forward net operating losses when expenses ...

  6. Taking a Tax Loss When Property Value Declines - AOL

    www.aol.com/news/2011-11-16-taking-a-tax-loss...

    In today's episode of "Money and Happiness," DailyFinance's Laura Rowley turns to taxes. A reader asks: If I sell property at a loss, can I deduct it on my taxes? Watch the video for the answer.

  7. Carryover basis - Wikipedia

    en.wikipedia.org/wiki/Carryover_basis

    The same rule applies for calculating a loss, unless the donor's adjusted basis is greater than the fair market value of the property at the time of the gift. [4] In this case, the loss does not carry over and the basis is the fair market value of the property at the time of the gift. [5]

  8. How Will Long-Term Capital Losses Affect My Taxes? - AOL

    www.aol.com/finance/capital-losses-lower-income...

    Fortunately you can carry over surplus capital losses to next year’s taxes. Therefore, since you have $6,000 of losses, you can allocate $3,000 this year and another $3,000 next year.

  9. Net operating loss - Wikipedia

    en.wikipedia.org/wiki/Net_operating_loss

    Prior to passage of the 2017 Act, NOLs could be carried back to the two tax years before the NOL year. For example, the tax loss from 2015 could be carried back to 2013 or 2014. Any remaining amount could be carried forward for up to 20 years. The taxpayer could elect to waive the carryback and therefore carry all of the loss to future years.