I can think of two scenarios, please tell me which one is correct (or maybe both are wrong)-----------------------------------------------------------------(A) passive losses first eat into profit on sale and remaining goes towards depreciation recaptureprofit from selling - suspended losses = $200,000 - $100,000 = $100,000Depreciation recapture taxes on this $100,000 of left over profit, which is 25% of $100,000 = $25,000 taxes owed----------------------------------------------------------------(B) IRS says, nope, first we recapture depreciation and then take care of passive lossesDepreciation recapture tax on $150,000 out of that $200,000 profit from saleremaining $50,000 gets offset from my $100,000 of suspended losses, so no taxes on remaining $50,000.

If in Brainer Lakes area you have BIR events through summer which are epic in scale and draw, Superior has Bentlyville in winter, there is just countless factors vs just open water in summer.

I couldn't help but notice the big [B]IRS[/b] up there myself.

Something like this shoudl do the trick for you: http://www.homedepot.com/p/Deflect-o-Universal-Bir...

Not paying a fee to a bir dog would lose me a source of deals and hurt my good name.

@Inder Bir Singh Your liability should be limited absent facts beyond what’s here.

you might want to go to the BIR website and search for the zonal values in your area.

Was your address on your previous tax return of Property A or B?IRS

The interest on the $50k portion of that refi is deducted against rental B. (IRS

@Inder Bir SinghWelcome!