Thank you and got it - so net passive losses from sale of real estate (in year of sale) and legacy PALs offset ordinary income (W-2) first and then move onto capital gains (from stock sales) after that? I obviously want to ensure that the passive losses offset the highest tax burden (ordinary income). Based on your response, it seems like there is no reason to delay selling stocks for a gain as the passive loss with offset W-2 income first, correct?
