I sold a rental property in which I had previous years loss carryover due to the loss limitation rules. Can I recover the total carryover since the property has been disposed of?
The losses (but not credits) that have not been allowed from your rental property in previous years including the current year generally are allowed in full in the tax year you dispose of the entire interest in the property. More than one form or schedule may be required for reporting the loss. See Publication 525, Passive Activity and At-Risk Rules and Publication 544 , Sales and Other Disposition of Assets for information on the reporting of the sale of activities with unallowed losses.
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