we have 3 rental properties and plan to sell all of them in 2017. we have accumulated ~$100k in passive losses. when we sell, we will make about a $35k profit on 1, lose ~$35k on the 2nd, and likely break even on the 3rd. how is this going to affect our 2017 taxes.
will we lose the passive losses we have accumulated?
how does this impact depreciation on the properties?
are costs/fees associated with selling the properties also deductible?
