Loss Carryover
In one sentence: Unused losses moved to a later year.
What it means
Capital losses, NOLs, and passive losses can all carry forward. Tracking them across years is critical — refund opportunities expire if you forget about them.
In one sentence: Unused losses moved to a later year.
Capital losses, NOLs, and passive losses can all carry forward. Tracking them across years is critical — refund opportunities expire if you forget about them.