Skip to main content
Level 2
May 21, 2024
Solved

How to write off previously disallowed rental losses

How to write off previously disallowed rental losses in year of the activity's disposition?

 

This topic has been closed for replies.
Accountant-Man
Level 13
May 21, 2024

On Sch E worksheet, check the box for "complete disposition."

On K-1s, check the box for "Final" and then complete sales info on the second K1 input worksheet.

** I am "Elevating with Intention!"

3 replies

Accountant-Man
Level 13
May 21, 2024

On Sch E worksheet, check the box for "complete disposition."

On K-1s, check the box for "Final" and then complete sales info on the second K1 input worksheet.

** I am "Elevating with Intention!"
Accountant-Man
Level 13
May 21, 2024

IrMn, that was fast! Are you watching me?

** I am "Elevating with Intention!"