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Deductions & credits
All of the passive losses on property a will be released on the schedule e in the year of sale. This might affect how much of the loss can be taken on property b. The pal is not netted against the capital gain on the schedule d and you have no choice as to how much to use or when to use it, this is set by IRS rules and regulations and the program fills in the correct forms for you.
‎April 19, 2022
11:32 AM