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When selling 1 of 5 rental properties, are all prior disallowed passive losses released, or only those disallowed losses attributed to the property sold?
I have 5 rentals, each its own activity for passive income/loss purposes. There are $25,000 in prior year disallowed losses from all 5 combined. I sold 1 of the rentals.
‎June 3, 2019
5:26 PM