Thanks for the quick response.
I was afraid someone was going to tell me I need to keep a hardcopy of my passive activity losses. I *was* hoping TurboTax and/or the IRS would have a form that I would fill out each year to keep a running total of my PAL and depreciation.
I hope the IRS believes me when, 15 years from now, I sell my condo unit.
That said, I just wanted to clarify when I can realize my loss. Can I realize my PAL in a future year if my MAGI is between $100k and $150k in that (future) year?
