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Get your taxes done using TurboTax
When you dispose of just one of the rental activities, the suspended losses of that activity are then allowed against the resultant gain on sale of that propety in the year of the disposal. Also, the other suspended losses are then allowed against the remaining capital gains on your tax return.
{Edited 2/23/23 at 2:00 PM PST}
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‎February 22, 2023
6:58 PM