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Level 2
May 21, 2024
Solved

How to write off previously disallowed rental losses

  • May 21, 2024
  • 1 reply
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How to write off previously disallowed rental losses in year of the activity's disposition?

 

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Best answer by Accountant-Man

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.

1 reply

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'm still a champion... of the world! Even without The Lounge.
Accountant-Man
Level 13
May 21, 2024

IrMn, that was fast! Are you watching me?

** I'm still a champion... of the world! Even without The Lounge.