I had passive loss carryover for my rental property from previous years for property1 which continues to make losses. Last year, I have another property2 that made profits. Bcoz I had passive loss carryover from previous years, I expected that my rental income will become zero. I filed last year with Turbotax and it automatically picked showed my passive loss under property1. However, Turbotax online surprised me showing the profits from rental without offsetting it with carryover. This has increased the tax income due.
I finished all entries and did final review hoping turbotax will correct, but it didnt. How could I rectify this?
