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I made a post earlier, but think it was skipped. I was wondering, when it was abolished last time, were carried forward losses able to be claimed against rental income once a property went positive, or were losses quarantined all the way to the eventual sale of the asset?

So, when they got rid of it last time, how did it work in the sense of carrying forward your losses each year? What I mean is, say your are negative to the tune of $5k per year for 3 years, each year I assume you carry that loss over? After 3 years you property is positive, were you able to...