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Investors & landlords
the loss can not be deducted. schedule E rental profits are allocated among schedule e rental losses so what you end up with is that the net losses are only attributable to those with losses. there should be a supporting worksheet for form 8582 showing the losses are solely attributable to property 2. therefore disposing of property 1 in and of itself will not free up the passive loss carryover.
‎December 11, 2019
12:16 PM
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