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Old 04-10-2012, 11:11 PM
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Join Date: Apr 2012
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Rental converted to primary -how to handle loss on sale

Facts:
Bought 2003 as rental
Rented out till mid 2008. Claimed depreciation for these years and also have unclaimed losses due to passive activity income limits.

Mid 2008 house needed a lot of work and fixing up so converted to primary. Sold the house mid 2011 for a loss. During this time spent 100k to fix up the place to make it sellable.

Question: do I get to claim all the back years of losses that I could not claim because of passive activity limits.
Also, the loss on sale. How do I claim that?



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