I was hoping an expert could reply and say my prior reply is correct and that's it or there is a way to still recover the prior PALs in CA after selling all my rentals. I'm also curious if the prior CA PALs could be recovered if I re-entered the rental market but made a profit each year instead of further losses or once you have a CA PAL it is lost for good unless it can be used against a gain in that same year.
