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Material Participation to Recognize Rental Property Losses
I have losses from a new rental property that I put into service in 2022. I also qualify for material participation. However, TurboTax is not letting me recognize the loss (i'm assuming due to the material participation).
The rental property is held and operated under my personal name and not an LLC, though that's not supposed to affect taxes, depreciation, losses, etc.
Any ideas as to why TurboTax isn't recognizing the loss?
March 13, 2023
11:04 AM