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Level 1
December 7, 2019
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IF A RENTAL PROPERTY WITH A LARGE SUSPENDED LOSS IS SOLD AT A LOSS, WILL THE SUSPENDED LOSSES BE RELEASED?

  • December 7, 2019
  • 1 reply
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Best answer by sjrcpa

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

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

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

The more I know the more I don’t know.