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Investors & landlords
When you transfer a rental property to an LLC, you transfer all of the attributes of the property as well (depreciation, cost basis, loss carry forwards). The passive losses are tracked on and carried forward via Form 8582. Your passive losses should have carried forward on that form. If not you will have to manually input the information. For additional information see:
Publication 925 (2022), Passive Activity and At-Risk Rules and
About Form 8582, Passive Activity Loss Limitations
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‎April 17, 2023
11:55 AM
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