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Business & farm
Thanks for responding, although I don't think those situations apply.
- I did not check the boxes for Real Estate Professional as I agree that the losses would be allowable if I were a RE Pro. I'm not an RE Pro and my income is over $150k, so the losses shouldn't be allowable.
- Rental Days were 254.
- Property was not sold, so I didn't free up suspended losses by exiting the activity.
- No offsetting passive activity income.
In the past, my losses were transferred to line 1b and then showed as a disallowed loss carryover. I started a new return and it seems to be working now, so it may just be a glitch in the software since I started preparing my return before the depreciation schedules were ready.
‎February 28, 2026
2:06 PM