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Get your taxes done using TurboTax
If you have been using TurboTax in the past, your passive losses have been carried over in your tax file and will be applied when you report the sale.
If this is the first year you have used TurboTax, you can enter the information for your rental property, including passive loss carryovers. Then report the sale and TurboTax will help you determine the outcome.
Additional Information:
- IRS Pub 527 "Residential Rental Property"
- Where do I enter income and expenses from a rental property?
- What kinds of rental property expenses can I deduct?
- How do I handle capital improvements and depreciation for my rental?
- I sold my rental property. How do I report that?
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‎February 26, 2023
7:00 AM