So am I to assume if there are $400,000 in aggregated suspended losses (of which approximately $150,000 is from the property sold) and there's a $100,000 gain on the sale, then $100,000 of the losses are released which essentially wipes out any taxable gain - the other $300,000 will be carried forward?  I thought I could allocate the losses that were created and suspended by that individual property. So in essence, all other suspended losses will not be released until the last property is disposed of and the S-Corp no longer exists?