I'm in the same boat as well. Sold a property this year, which due to depreciation shows a gain on Federal. However, I was not able to depreciate the property in NJ, and the depreciated value is being used to determine the "gain."
I've read the following, wrt rental homes ...
" if you’ve had non-deductible carry-forward losses, all will be deductible in the year of sale."
Can anyone explain / she light on this?
