Discussion:CAN NOL FOR RENTALS GO BACK 5 YEARS

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Revision as of 21:21, 24 June 2009
RBM (Talk | contribs)
(New Discussion)
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Revision as of 06:07, 25 June 2009
Taxea (Talk | contribs)
(Only if it creat)
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{{ForumNewPost|UserID=RBM|Date=24 June 2009|Text=IT APPEARS RENTALS QUALIFY UNDER SECTION 172 AS ELIGIBLE SMALL BUSINESS'S. ASSUMING THEY MEET THE INCOME TEST CAN THE LOSSES CARRIED OVER FROM 2007 TO 2008 BE COMBINED WITH 2008 LOSSES & BE CARRIED BACK 4 OR 5 YEARS?}} {{ForumNewPost|UserID=RBM|Date=24 June 2009|Text=IT APPEARS RENTALS QUALIFY UNDER SECTION 172 AS ELIGIBLE SMALL BUSINESS'S. ASSUMING THEY MEET THE INCOME TEST CAN THE LOSSES CARRIED OVER FROM 2007 TO 2008 BE COMBINED WITH 2008 LOSSES & BE CARRIED BACK 4 OR 5 YEARS?}}
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 +{{ForumReplyPost|UserID=Taxea|Date=25 June 2009|Text=Only if it creates an NOL and usually rental losses don't.}}

Revision as of 06:07, 25 June 2009

Discussion Forum Index --> Advanced Tax Questions --> CAN NOL FOR RENTALS GO BACK 5 YEARS
Discussion Forum Index --> Tax Questions --> CAN NOL FOR RENTALS GO BACK 5 YEARS

RBM (talk|edits) said:

24 June 2009
IT APPEARS RENTALS QUALIFY UNDER SECTION 172 AS ELIGIBLE SMALL BUSINESS'S. ASSUMING THEY MEET THE INCOME TEST CAN THE LOSSES CARRIED OVER FROM 2007 TO 2008 BE COMBINED WITH 2008 LOSSES & BE CARRIED BACK 4 OR 5 YEARS?

Taxea (talk|edits) said:

25 June 2009
Only if it creates an NOL and usually rental losses don't.