Taxgirl Posted July 19, 2011 Report Posted July 19, 2011 I have a client that sold a rental property and ATX added a PAL Adjustment on form 4797 on Part 1. Does anyone know what this is for? Thanks for your help. Quote
Gail in Virginia Posted July 20, 2011 Report Posted July 20, 2011 My guess would be that PAL stands for Passive Activity Loss, but without knowing the situation that is just a guess. Quote
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