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What
Using excess deductions against income from either a taxed or untaxed rental property sale
Who
Sellers of residential rental property who have excess deductions
When
End of the tax year

When you're left with unused excess deductions after a property sale you still might be able to use them. It depends on:

  • what basis you're using to work out your residential property deductions.
  • if the sale was taxable.

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Last updated: 28 Apr 2021
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