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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121351  
Subject: Re: Sale of Rental Home Date: 6/20/2004 9:56 PM
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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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