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How to deduct suspended PALs when you sell rental property

CVTS
Level 3

How to you  deduct suspended PALs ehen selling the rental property. No other passive activity.

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CVTS
Level 3

Yes that worked - thank you!

View solution in original post

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3 Comments 3
Terry53029
Level 14
Level 14

on the schedule E worksheet, check the box on line G, complete taxable disposition. That should release the passive losses

CVTS
Level 3

Yes that worked - thank you!

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CVTS
Level 3

I meant to mark your post as the accepted solution 🙂