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Can prior year losses be used to offset the amount subject to withholding?

April 26, 2017losses offset prior Subject Used withholding year

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Can prior year losses be used to offset the amount subject to withholding?

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No. Only the pass-through income and losses of the current year may be used to compute the pass-through income subject to withholding. However the nonresident may elect out of withholding by filing an exemption affidavit (Form PW-2).