Does TT properly calculate PAL from NY rental real estate for non-resident on form IT-182?
Specifically, the form instructions for PART II -Special Allowance for Rental Real Estate Activities With Active Participation- to use NY AGI (not FEDERAL) to calculate the passive activity loss (PAL)
I have seen limitations on other software on this item.
tia
_____
TO SAVE YOU FROM READING THE WHOLE THREAD - TT does not calculate this properly. Final post on this topic from TT says "state passive activity loss calculations are not supported in the product. "
