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Manually recording previous years suspended passive activity losses when rental converted to personal use
"I converted a rental to personal use in 2015. 2016 TT return correctly carried forward 20K passive loss from 2015. Since not rented in 2016 and I checked option to never tried to rent, TT removed rental property from schedule E and removed suspended loss from 8582. If in future years I convert back to rental or sell do I have to manually keep a record of previous years passive loss?
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May 31, 2019
9:53 PM