June 7, 2019 4:02 PM
Can anyone elaborate on those first two conditions? 1. Disposition of an entire interest (or substantially all) 2. In a fully taxable event (where all gain/loss is realized and recognized). Does the entire interest has to dispose in the same tax year? In other words, if I have grouped my rental properties in my tax returns, do I have to sell them all in the same year to be able to fully deduct the suspended passive loss? And can those loss to offset some of the description recapture taxes, not just capital gain?