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Old 01-02-2011, 12:48 PM
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Property Rental conversion to Primary Residence and Back to Rental Property

I have a rental property that has about a $60K loss carry over. I plan to use the property as my primary residence for about 2 years when I live in the area and then convert it back to a rental property once I leave the area. How do I handle the $60K loss carry over as a rental property? Can I apply this $60K loss carry over again once the property is placed back into service as a rental property 2 years from now?



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