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Investors & landlords
Yes. Any accumulated losses go with the rental house when sold. Those losses will be added by the program. Long explanation but the net effect is reducing your gain by the accumulated loss.
IRS Publication 925 states that if you dispose of your entire interest in a rental property in a taxable transaction, all suspended passive losses associated with that property become fully deductible.
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‎April 14, 2025
12:13 PM
4,117 Views