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Maryland passive loss carry forward on disposition of rental property
I sold Maryland rental property in 2020 with a basis loss and federal passive loss carryovers. For my Maryland taxes, TurboTax is adjusting my income to eliminate recognition of the passive loss balance.
I assume this is incorrect and have asked MD for an opinion. Am I missing a checkbox in TT?How do I properly eliminate this adjustment?
March 29, 2021
7:13 AM