After Tax Equity Reversion --When Selling for a Loss

I haven’t seen any Real Estate ATER questions where a property is sold for a loss. Anyone know how to handle these?

I would assume you would add the tax benefit when you calculate ERAT?

you subtract (sale value-book value)(tax rt)… so if BV>Sale… you add (subtract a negative)

I have come across a case like this and you do add a tax benefit.