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Get your taxes done using TurboTax
In TurboTax, I have to mark Actively Participating to make it a nonpassive income due to staying there more than 14 days and greater than 10% of the rental days and classifying it as a home rental. Schedule E is showing a loss which carrying over to my 1040 schedule 1. However, it is limiting my deduction )disallowing) due to income AGI. I thought there was no income AGI limit on nonpassive dwelling rental income.
‎January 31, 2022
8:26 PM