When selling 1 of 5 rental properties, are all prior disallowed passive losses released, or only those disallowed losses attributed to the property sold?
I have 5 rentals, each its own activity for passive income/loss purposes. There are $25,000 in prior year disallowed losses from all 5 combined. I sold 1 of the rentals.
01572
1 Replies
Critter
Level 15
Jun 3, 2019 5:26:41 PM
Only the ones for that rental are released when you sell it.