mostlywind
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So, in the property sale year you can deduct passive losses from years that are prior to years available for amending?Passive losses never reported due to 1040X...
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IRS Publication 551, page 10, explains how to calculate the gain/loss.Nowhere does it say the answer is "no gain"I don't see that in Pub 544 page 4 either.
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- Posted Can the calculated passive loss on old years for rental home be claimed in year sold? Loss was not reported on 1040 in certain old years due to depr. not being claimed. on Investors & landlords. June 4, 2019 2:43 PM
- Posted So, in the property sale year you can deduct passive loss... on Investors & landlords. May 31, 2019 5:31 PM
- Posted IRS Publication 551, page 10, explains how to calculate t... on Investors & landlords. May 31, 2019 5:01 PM