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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (2034)3/21/1999 12:54:00 PM
From: Logain Ablar  Respond to of 5810
 
Colin:

Off the top of my head, I don't believe that a partial disposition of a passive activity releases the deferred passive losses from prior years

I agree. A partial disposition will not trigger recognization.

I posted the taxpayer's suspended loss account will not be triggered until the entire interest is disposed of. and Unused suspended losses are allowed in full on a fully taxable disposition of the taxpayer's entire interest in the activity.

Tim