Tuckerb89
Returning Member

Investors & landlords

@DJFAULDS 

 

I'm running into this same question for 2024.  

 

I tried entering the new (replacement) property with carryover passive losses ($62,822), but then I end up with more than two times that amount; $62,822 for the relinquished property and $62,822 + ($xxx) for the replacement property.  I can see these on the 8582 form.  

 

What did you decide to do?  Did you "ride out" the PALs on the relinquished property for the rest of the year and then add them (manually?) to the replacement property as carryover for the next tax year?  

 

I'm also interested in how you transferred the depreciation from the relinquished property to the replacement property.  

 

Any ideas?