LenchoTax
Level 2

How to write off previously disallowed rental losses in year of the activity's disposition?

 

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Accountant-Man
Level 13

On Sch E worksheet, check the box for "complete disposition."

On K-1s, check the box for "Final" and then complete sales info on the second K1 input worksheet.

** I'm still a champion... of the world! Even without The Lounge.

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Accountant-Man
Level 13

IrMn, that was fast! Are you watching me?

** I'm still a champion... of the world! Even without The Lounge.
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LenchoTax
Level 2

Thank you for this great response!