Have several rental properties reported in schedule E.
some rental properties have previous years carryover losses and some have last year’s loses.
I sold ONE of my rental properties last year which created an expected tax event in the form of capital gain.
what i noticed is that turbotax took ALL of my rental properties loses (carryovers and past year) to offset the capital gains of my ONE sold rental property. To me it looks like a bug in the software.
i think the software is acting as if i disposed of all my passive activity (i.e. sold all my rental properties) which is wrong.
The correct behavior should be to apply only the sold property passive loses (carryover and last year’s) towards the capital gains of that sold rental property.
i’d appreciate any feedback here or if some technical support can confirm this issue.
