Investors & landlords

Here are my comments from another post that you had commented on:

Can you clarify what your question is?  You don't have a choice between them.

If you sold your rental property (in a fully taxable transaction), all previous Passive Loss carryovers from that property are released, and go on your tax return.  You don't have a choice to keep them or not.  If those losses create a NOL (your income on Line 41 of Form 1040 will be negative), that is a completely separate thing.
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So in 2014-2016, it sounds like you were eligible to take the $25,000 loss each year.  That is not a choice.  It sounds like that created a NOL for each year, which would be carried back (unless you made an election  to waive the carryback on a timely filed tax return).