Level 15
02-23-2024
12:41 PM
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Thats how it works, passive activity losses get applied to passive activity gains, doesnt matter if its the same property. You dont get to save them up for the other properties.
The first time this happened to me, I freaked out, but other, more experienced preparers, explained thats how it works.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪