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Where and how to enter a disposition of rental property with disallowed passive activity loss?

faye_cordero
Level 1
 
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TaxGuyBill
Level 15

Enter the disposition information near the bottom of the Asset Entry Worksheet.

On the Schedule E Worksheet, check box "H" (assuming it was sold in a fully taxable transaction).  That box is what releases the passive losses.

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TaxGuyBill
Level 15

Enter the disposition information near the bottom of the Asset Entry Worksheet.

On the Schedule E Worksheet, check box "H" (assuming it was sold in a fully taxable transaction).  That box is what releases the passive losses.

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