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1 reply

I
Irene2805
June 6, 2019
Section 465 (d) carryover refers to the at-risk rules of Section 465 of the Internal Revenue Code.  Your losses are limited to the amount you have "at risk" in the activity.  A loss that was disallowed because of the at-risk rules is generally treated as a deduction from the same activity in the following tax year (a carryover).

The figure you see for Section 465 (d) carryover is the amount of loss you weren't able to take last year and may be able to take this year.

For more information see IRS Pub. 925 - Passive Activity and At-Risk Rules


    S
    sandyfromukiah
    June 6, 2019
    Thank you
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