Solved
Can gain from sale of one rental property be used to offset all other rental properties' unallowed loss carried over
Client has 4 rental properties, total unallowed losses = $110,000 carryover to 2025.
In 2025, he sold one property with $200k gain. Each property is a separate property. Lacerte offset all unallowed losses and current year losses of $53k in form 8582 with this $200k gain. So, he has $-163,000 in Sch E #26
Is this correct? Thank you.
