{"Term":"Bright-line losses carried forward","Definition":"\u003cp\u003eIf you sell a residential property at a loss, your total costs are more than the sale price of the property. \u003c/p\u003e\n\u003cp\u003eIf the bright-line property rule applies to the sale, you can only offset the loss against net income from another property sale.\u003c/p\u003e\n\u003cp\u003e Any remaining bright-line loss is carried forward to the next year until the loss can be used.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}