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

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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