mburke-healthan d
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 2
		
	
				
		
	
		
			
    
	
		
		
		11-21-2023
	
		
		12:24 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Best Answer Click here
		
			
				
						
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			George4Tacks
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		11-21-2023
	
		
		04:32 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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No. Enter the date of conversion as the date of sale of the assets attached to the Schedule E, but DO NOT enter a sales price. That will retire the assets. 
Schedule E and any passive losses will carry to next year.  You can then delete the Schedule E and figure out how to carry over the passive losses. I believe you need to just write yourself a note to remember to claim them when the property converts back to rental or is sold. 
Answers are easy. Questions are hard!
			
		
			
	
	
			
				
		
		
			mburke-healthan d
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 2
		
	
				
		
	
		
			
    
	
		
		
		11-27-2023
	
		
		03:38 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Thank you for your guidance.