but, the $200,000 gain in addition to my other income will eliminate my ability to take a loss in excess of the 4 months income, and thus I won't be able to use all the fix-up expenses.That is not correct. When you dispose of a passive activity (such as a rental), you can deduct all of your losses, including any that may have been deferred from previous years.So don't fret about losing out on them.--Peter
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