- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Passive Activity Loss Carryover and Stepped-up in basis
I understand the depreciation calculation starts over when a stepped-up in basis occur due to death inheritance. I also understand the depreciation recapture at that point will get wiped out.
My question is what happens to the passive active loss carried forward that is over and above the total depreciation recapture amount?
Thank you.
‎December 20, 2024
12:05 PM