I have two rental properties and will be selling one this year.

  • Property A has suspended loss of $120,000 and
  • Property B $100,000.

When I sell property A this year, I can write off $220,000 against my Roth conversion counted as income?

Assume no capital gain or loss on this sale of property A and I have no other income other than Ira distribution or Roth conversion.

  • I think you can only write off realized loss, meaning after the actual sale. Otherwise you'd also have to pay tax on unrealized gain.
    – keshlam
    Commented Jun 4 at 10:07
  • Where does the @220,000 come from? Are you adding the 120 and the 100? Will you sell A for more than you paid for it? Not enough information for a complete answer.
    – D Stanley
    Commented Jun 4 at 13:21
  • Suspended loss from 2 properties are from unallowed loss deduction for passive income from the last 10 years accumulative. I can use the loss but have to sell the property. Question is can I use combined suspended loss of selling only 1 property? 2nd question is can I use that to offset Roth conversion which is reported as income for the year? Assume no capital gain or loss from the sale of this property, not a capital gain question.
    – user129804
    Commented Jun 4 at 21:17


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