Passive Activity Loss Installment Sale

Enter in the asset module the installment sale of the assets or use screen sale for sales of partnership or s corporation stock.

Passive activity loss installment sale. Passive loss information faqs 1040. 469 if a taxpayer has a flow through loss from a passive activity the. The losses are allowed each year based on the ratio that the gain recognized for such year bears to the total gain sec. If the activity has overall income recognized in the current year all of the losses are released.

Under the passive activity loss rules contained in irc sec.