Taxgirl Posted July 19, 2011 Report Share Posted July 19, 2011 I have a client that sold a rental property and ATX added a PAL Adjustment on form 4797 on Part 1. Does anyone know what this is for? Thanks for your help. Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted July 20, 2011 Report Share Posted July 20, 2011 My guess would be that PAL stands for Passive Activity Loss, but without knowing the situation that is just a guess. Quote Link to comment Share on other sites More sharing options...
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