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Is previously unallowed losses deductible in the year you sell the rental property?
I had unallowed losses in rental property in 2014. I have the form 8582 from 2014 and worksheet 5 shows the unallowed losses. But I did not claim it in 2015 tax return or any later returns. I sold the property in 2018. Will I be able to deduct this loss in the 2018 tax return? If so where do I enter it in the TT desktop edition?
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‎September 28, 2019
9:03 PM