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Why are long term capital gains from sale of rental real property on 4797 not being offset on Sch. D by prior year carryover long term capital losses?

FREDW21901
Level 3

Shows up as ordinary income on 1040

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itonewbie
Level 15

Closing duplicate: If you have additional information that is not in the other post, please update the other post to consolidate your information.

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Still an AllStar

View solution in original post

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1 Comment 1
itonewbie
Level 15

Closing duplicate: If you have additional information that is not in the other post, please update the other post to consolidate your information.

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Still an AllStar
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