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Get your taxes done using TurboTax
@AmeliesUncle wrote:
You could (or a negative number on line 8), but I would file the Schedule E (with no rental days). It will be clearer to show what the deduction/loss is from, and I think it would even include the 8582 that shows that it is the passive losses being used.
Yes, that's a great idea (Schedule E and the 8582), but I don't think you can do it with TurboTax. In fact, I don't believe you can even override the lines you would need on the 8582 (not 100% certain).
I also think that TurboTax would delete the rental entry with zero rental days.
So this would require the use of Forms Mode and overrides on Schedule E and then printing out an 8582.
‎November 13, 2023
6:42 PM