Welcome Guest. Register Now!  


For 2016 Tax Tips For Year 2016.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-19-2016, 07:20 PM
Junior Member
 
Join Date: Mar 2016
Posts: 1
Selling rental property at a loss with passive income losses

I'm selling rental property later this year for a loss (after depreciation). I also have passive losses that have accumulated for several years. The property is managed by a third party and I was not active in the rental process or spent any time in the unit. What are my tax implications when I file my 2016 return?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Selling Principal Residence at a Loss after Converting to Rental Kelsiel Rental Real-Estate 1 05-31-2015 03:43 AM
Rental sold in 2012 - Passive Losses LakeCondo Rental Real-Estate 0 03-28-2015 12:00 PM
Income exceeds $150,000. Why doesn't Turbotax offset passive losses from one rental property against passive income from second rental property? aboniadi Rental Real-Estate 4 03-17-2014 02:15 AM
Total loss-selling rental property angrywoman Rental Real-Estate 4 12-29-2012 01:16 AM
Can Suspended Losses from Rental Property converted to Personal Residence be released upon sale of another rental property? mountainaire Rental Real-Estate 1 04-05-2011 03:59 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.