johnnywu
New Member

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?