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Passive Activity Losses

06 / 07 / 2015 by Greg Freyman, CPA in Business Tax

Are Suspended Passive Activity Losses Deductible?

We have suspended passive activity losses associated with our rental property. If we sell one of the rental properties, can we claim those losses?

The short answer is that it depends on a few factors. However, it’s likely that the suspended passive activity losses can be claimed as there will be a complete liquidation of the taxpayer’s entire interest in that single rental activity.

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