A little clarification here.
As was explained by @MaryK4 , you are able to utilize any suspended losses when the entity terminates / dissolves as long as you have basis.
You indicated you did have basis, so your suspended losses will be triggered in the final year. The clarification point is that these suspended losses will be able to be utilized regardless of whether you have any other passive activity income.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
