I have a situation where I have a large suspended passive loss. Last year the property was sold. As the suspended loss is activated, it will bring my income so low that I will be in the lowest tax bracket. In this case, I would be better off keeping the loss suspended for future years where it can be used to offset income at higher tax bracket.
Is there an option to NOT deduct the suspended loss when property is disposed? If so, how can I do that?
