Caroline sells a rental house for $320,000 that has an adjusted basis of $280,000.During the years of her ownership,$75,000 of losses have been incurred that were suspended under the passive activity loss rules.Determine the tax treatment to Caroline on the disposition of the property.

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The Answer of Caroline sells a rental house for $320,000 that has an adjusted basis of $280,000.During the years of her ownership,$75,000 of losses have been incurred that were suspended under the passive activity loss rules.Determine the tax treatment to Caroline on the disposition of the property.

Caroline Sells a Rental House for $320,000 That Has an Adjusted