user17720701181
Returning Member

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.