Naveen Mohan from New York Posted May 27, 2014 Report Share Posted May 27, 2014 I have a client who could not claim schedule E rental losses because his income was over $150,000. Now he is selling the property. I was under the impression that he would be able to pick up all suspended losses. However I am not sure I am doing it right. I went to my ATX Max and in fixed asset I clicked disposition tab and entered sale data and sale amount. Then I opened 4797 but the program is not picking up prior suspended losses from 8582. How do I capture that suspended loss. Thanks for your help. Naveen Mohan Quote Link to comment Share on other sites More sharing options...
cred65 Posted May 27, 2014 Report Share Posted May 27, 2014 On the Sch E tab you have to check Item 11 "Complete disposition of a passive activity". 1 Quote Link to comment Share on other sites More sharing options...
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