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Deductions & credits
Hi -
Thanks for the response. From my understanding, I could not have taken the passive losses in 2021 since my rental losses more than offset my rental income. Are you saying that if this property was converted to personal use then passive losses in excess of my rental gains would have lowered by 2021 taxes?
Is there anyway to determine based on my 2021 filing if this property was converted to personal use? I filled this in while on the phone with an agent using TT Live so my hope is that there's a decent chance it was done right.
March 6, 2023
10:40 AM