Real Estate Professional Status & Previous Unallowed Losses?
The Real Estate Investor’s Guide to Tax Breaks, Risks & Red Flags
Are previous unallowed losses treated if we select real estate professional [status]?
Question ID: 6604126 Status:
Open Jul 24, 2025 - 05:14 PM
1answer
Answer
Jul 24, 2025 - 05:16 PM
You just carry them. They're previous. Because I'm now a real estate professional does not mean that I get to use it retroactively. They were passive then. They're going to stay passive forever until you're able to use them.
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