AliciaP1
Expert Alumni

Get your taxes done using TurboTax

No, there is no other limitation.  You can deduct the full amount of any suspended passive losses only in the year of disposition and only because your entire partnership interest was disposed of.  

 

Per the IRS:

  • Generally, you may deduct in full any previously disallowed passive activity loss in the year you dispose of your entire interest in the activity.

@begr 

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