MrShay-revoking election
MrShay, I just noticed one comment you made about revoking the election in the event the TP wants to sell. You cannot use "free up losses to 'trigger' the use of carryforward PALs" as the reason to revoke the aggregation election (i.e., Complete disposition of Property A).
Besides, the losses would not be carried over if the REP used them, since they would have been non-passive anyway.
