Press Conference: IRS Net Operating Loss Carryforward for Homeowners with Crumbling Foundations

Some good news for Connecticut homeowners with crumbling foundations: CTCPA Executive Director Bonnie Stewart, Rep. Joe Courtney, and Rep. John Larson held a press conference to announce that the IRS will allow homeowners to carry forward a net operating loss for up to 20 years.  They were joined by CTCPA Public Affairs Director Mark Zampino, Attorney Brenda Draghi, and Taxpayer Advocate Service Local Taxpayer Advocate Alisa Lebovitz.

Read more about the clarifying information from the IRS.

View the photos from the press conference.

Watch more from WTNH News 8.