Investors & landlords

assuming there was a gain on disposal, passive losses from real estate would be allowed to the extent of the gain. if the k-1 is not a real estate activity, it remains subject to its PAL rules.

 

example

property A sold for a taxable gain of $100,000 

property A has current and suspended losses of $60,000

those are allowed in full leaving $40,000

property B has current and suspended losses of $75,000

$40,000 will be allowed and $35,000 will remain suspended (if your AGI is over $150,000 no additional special allowance for real estate activities with  active participation)

 

look at form 8582

 

yuo provided no numbers and we have no access to your return.