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Investors & landlords
To clarify, I assume the suspended loss was applied to the sale.
Assuming you had Depreciation Recapture and more than likely Capital Gain.
If the sale was in 2022, yes apply the loss.
Go to the Rental Properties and Royalties section
Continue and select Edit for the property
Select Property Profile
Continue to the "Do Any of These Situations Apply to This Property?" screen
You should have marked "Sold"
Also select "I have passive activity real estate loss" on that same screen
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‎April 2, 2023
4:34 PM