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Deductions & credits
The fact that your wife qualifies as a real estate professional is only the first step.
The second involves material participation in each rental property (or aggregating the properties so that the material participation standard is met).
See https://www.thetaxadviser.com/issues/2017/mar/navigating-real-estate-professional-rules.html
Note that TurboTax does not support the aggregation of rental properties for this purpose.
‎October 13, 2021
11:50 AM