We do not have any rental property since that time and don't plan to have any in the future. Is this a loss we cannot take?
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In 2013, you would have been able to take the loss on your Schedule E, unless your income was too high. If unable, that loss is entered on Form 8582. Passive Activity Losses are not realized until you sell the property.
In 2013, you would have been able to take the loss on your Schedule E, unless your income was too high. If unable, that loss is entered on Form 8582. Passive Activity Losses are not realized until you sell the property.
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