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Investors & landlords
@dolphine1234 wrote:
If I have two rental properties A and B and I sell A only for a gain, the unallowed passive losses from both properties A and B will be released.
There are actually two separate things going on. Technically, only the unallowed passive losses from Property A are "released". However, the gain from the sale results in passive income, which can be offset by unallowed passive losses, such as from Property B.
‎February 1, 2024
10:32 AM