Gigi154
Level 2

I have a bulk sale of 3 buildings that are passive activities with active participation.

3 buildings, and 3 assets listed as land.

The bulk sale records properly, but frees up the carryover loss on the first asset only.

I put a "1" in the total disposition of passive activity box for each asset, but only one asset is taking the carryover losses on schedule E.

 

Support has no help and doesn't get back to me. They can't find any wrong input.

Ideas anyone?

Thanks!

 

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