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IF A RENTAL PROPERTY WITH A LARGE SUSPENDED LOSS IS SOLD AT A LOSS, WILL THE SUSPENDED LOSSES BE RELEASED?

stef2
Level 1
 
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sjrcpa
Level 15

Yes if sold in a fully taxable transaction. This includes gain or loss upon sale.


ex-AllStar

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sjrcpa
Level 15

Yes if sold in a fully taxable transaction. This includes gain or loss upon sale.


ex-AllStar

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