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Investors & landlords
I understand that I am not a professional real estate agent. So, my passive income ca
n not deduct my w2 income.
But, it does deduce my w2 income in turbox tax. I do not know why?
I found some issues.
Since I converted rental from primary home.
So, I put 169 days for rental, and 158 days for personal use. But it deducts the loss to my we income. It should not deduct my w2 income. it will carry over the loss the next year. But it deducts mt w2 income, so it does not carry over the loss to next year.
When I put 0 day for personal use, it does not deduct w2 income. It will carry over the loss to next year, which is correct. Should I put 0 here? or 158 days in personal use. I think whether I put 158 days or 0 day here, it should not deduct my w2 income. Why is it different here?
