@shiyi11 wrote:
....the claim of "total losses accumulated can be carryover even after the sale of ownership in rental property"......
The sale of residential rental property is essentially treated as the sale of business property, which can create an NOL.
Upon the sale of rental property to an unrelated third party in a fully taxable transaction, all suspended losses are released (no longer carried forward) and, as a result, have the potential to create an NOL.
See https://www.law.cornell.edu/uscode/text/26/469 (Section 469(g))
[Also note that Carl's post in the thread you referenced (the post that was cheered five times, no less) contains some incorrect information - the first answer, marked as the Best Answer, is correct]
@shiyi11
