Suspended losses treatment when you substantially ecot

[Brett S.]

Doh!  Should say exit, not ecot. Stupid fingers/phone. 

I asked this question in a different way a while ago but wanted to try again now that I have TurboTax forms fresh in my brain - if you have, say ($100k) of Suspended passive losses and you make +$75k net profit when you exit your last rental And stop being a landlord, do you get the remaining $25k as a deduction to ordinary income or does it expire?

I confess I’m a cpa (not the tax kind) but I can’t translate the documentation on this one and don’t want to find out I’m wrong after the fact.