Get your taxes done using TurboTax

Hi DaveF1006:

I figured out the issue.  The TurboTax matched the gain from the sale of rental property in 2022 to the carry-forward passive losses accumulated from K-1's.

Here is what the IRS said:"https://www.irs.gov/taxtopics/tc425."

Here is another source: https://finance.zacks.com/sale-rental-property-considered-passive-income-8995.html

This is exactly what the TurboTax did.   I learned something.

Thanks.