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Sale of Rental Property
My husband and I have a rental beach property that we are entertaining selling. We have had it for 15 years as rental property the entire time. We have accummulated a large sum of money in our Passive Activity Loss bucket. When I tried to do a what if using our 2019 taxes it did not bring in any of our passive losses from prior years to offset the net gain. What can I do to get an estimate of how this transaction would have affected us in 2019??????? THANKS FOR ANY HELP
‎July 23, 2020
9:16 AM