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    bingtax's Avatar
    bingtax Posts: 2, Reputation: 1
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    #1

    May 13, 2009, 11:06 AM
    Deduct all loss due to passive limit
    I am converting my rental property to primary resident by moving in it. I have accumulated quite some amount of loss which I can't deduct during rental years because of passive activity limitation. Can I deduct all those loss when convert it to primary resident? Or do I have to wait I actually sell the house to claim all those loss?
    bingtax's Avatar
    bingtax Posts: 2, Reputation: 1
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    #2

    May 14, 2009, 07:58 AM

    Hmm, still no answer to my question? What happened to you, atlanta tax expert? I saw you answered other questions in minutes.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #3

    May 14, 2009, 08:59 AM
    Bingtax:

    Despite what you may think, I am NOT at your beck and call.

    I did not know the answer for sure off-hand. I believe you have to wait until you sell the property, but I wanted to research the issue before answering.

    Since you seem to be in such a hurry, you can do the research yourself. Try IRS Pub 925, which can be downloaded from Internal Revenue Service.
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