joan
Level 1
12-07-2019
12:03 AM
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itonewbie
Level 15
12-07-2019
12:03 AM
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The same rules for limiting/releasing losses apply, whether the loss arises from a foreign or domestic rental activity or a subsequent sale of that property.
You should also consider outstanding SLL/OFL that may have been created by losses from the foreign rental as those are subject to recapture for FTC purposes.
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