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I did a 1031 exchange of a rental property. I have passive losses against this property. How do I use this up against my current rental properties?
I did a 1031 exchange of a rental property. I have $--,000 passive losses against this property. How do I use this up Unallowed loss (from Form 8582) against my current rental properties income? I don't own this property anymore, so I don't list it on Schedule E.
Where do I show this passive loss, and make sure it is used against this year's rental income?
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‎July 8, 2020
11:10 PM