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What to do with suspended losses on a rental property sold via a 1031 exchange?
I sold a property (held >1yr) via a 1031 exchange and used all but $4k of the ~$200k proceeds. After the sale, I have 4 remaining properties, some with a net income for 2017. All of the properties are itemized on Schedule E.
Since this is not a "qualifying" disposition, what do I do with the $23k suspended loss given the partial 1031 exchange? Can it be applied to other passive income, other property sale gains, other stock gains?
I don't see where I can delete this question. I found the answer: https://ttlc.intuit.com/questions/3028682-we-sold-a-rental-property-through-a-like-kind-exchange-we-...
‎June 4, 2019
12:52 PM