cabosn
New Member

Passive loss offset capital gain

I converted a rental property to a personal residence and am now selling it using my $500k exemption. I have realized a $60k capital gain. I had $60k of carry forward loss on that property that disappeared when I stopped renting it. TT is using a $60k capital loss carryover from schedule D to offset my gain. How do I get my passive loss back so I don't use my capital loss carryover?