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    How to deduct suspended PALs when you sell rental property

    CVTS
    Level 3
    ‎03-24-2020 02:56 PM

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

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    CVTS
    Level 3
    ‎03-24-2020 03:13 PM

    Yes that worked - thank you!

    View solution in original post

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    3 Comments 3
    Terry53029
    Level 14
    Level 14
    ‎03-24-2020 03:08 PM

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

    CVTS
    Level 3
    ‎03-24-2020 03:13 PM

    Yes that worked - thank you!

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    CVTS
    Level 3
    ‎03-24-2020 03:15 PM

    I meant to mark your post as the accepted solution 🙂

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