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Top 4 Benefits of Net Operating Loss Changes in the CARES Act

April 1, 2020

The CARES Act stimulus package creates favorable opportunities to generate or enhance losses for your clients with significant depreciable property. Some highlights include:

  • NOLs generated in 2018-2020 can be carried back five years.

  • Losses carried back will offset income taxed at generally higher rates.

  • The 80% of taxable income limitation is removed temporarily for pre-2021 tax years.

  • Real estate professionals are no longer limited in how much rental loss they can offset   against portfolio income for pre-2021 tax years.


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