@demens13 wrote:
are you certain the gain from the sale is qualified this way?
the gain from the sale is a long term cap gain taxed at 15%, but the suspended losses (if allowed) typically offset income,
Yes, I am certain.
I did not say the passive losses would directly offset the passive capital gain. I said the passive losses can be used "to the extent" that they is passive gain.
The capital gain will show up as normal, usually taxed at 15%. The losses losses are allowed as an "ordinary" deduction and will offset 'regular' income first (which is how the losses would have originally be treated if they had not been suspended in the first place).
