I checked the “sold” box on the schedule E worksheet for the property that sold. I did not check it for the properties that did not sell. Should I?
The gain is higher than all the losses combined, including the K-1 losses.
if checking the sold box is needed to release the losses on the properties that are still held, how would I release the k-1 losses as well?
also from research I am confused about whether the gain from selling real estate is considered passive or if it moves to ordinary income.
many thanks for your help!
