Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to write off previously disallowed rental losses

LenchoTax
Level 2

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

 

0 Cheers
1 Best Answer

Accepted Solutions
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.

View solution in original post

3 Comments 3
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.
Accountant-Man
Level 13

IrMn, that was fast! Are you watching me?

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

Thank you for this great response!