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Updated almost 9 years ago,
Prior Years' Disallowed PAL and 1031
Disallowed PAL carry forwards from previous years become fully deductible in the year you dispose of the property.
If you do a 1031 exchange to dispose of the property, does that still apply?
And what if your current year PAL already exceeds the allowable amount before considering the PAL that was carried forward on the disposed property?