in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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Your Passive Activity Losses are carried forward from year to year on Form 8582. https://www.irs.gov/forms-pubs/about-form-8582
Dispositions
Any passive activity losses (but not credits) that haven’t been allowed (including current year losses) generally are allowed in full in the tax year you dispose of your entire interest in the passive (or former passive) activity. However, for the losses to be allowed, you must dispose of your entire interest in the activity in a transaction in which all realized gain or loss is recognized. Also, the person acquiring the interest from you must not be related to you.
https://www.irs.gov/publications/p925#en_US_2017_publink1000104640
Your Passive Activity Losses are carried forward from year to year on Form 8582. https://www.irs.gov/forms-pubs/about-form-8582
Dispositions
Any passive activity losses (but not credits) that haven’t been allowed (including current year losses) generally are allowed in full in the tax year you dispose of your entire interest in the passive (or former passive) activity. However, for the losses to be allowed, you must dispose of your entire interest in the activity in a transaction in which all realized gain or loss is recognized. Also, the person acquiring the interest from you must not be related to you.
https://www.irs.gov/publications/p925#en_US_2017_publink1000104640
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