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Rental property deduction Question/issue
I have two rental properties. when I finish putting them into turbo tax the rental for tax on one is -3k the other is +7k for a total of 4k. When I move on to the deduction and credit section from the wages and income I have a screen that reports that my rental profit is 7k and my deductible losses are zero. They are both filled out the same. Both are passive income. Why is it not deducting my loss of 3k from my +7k. I have tried to fix it several times but don't know what I am doing wrong.
‎April 6, 2023
12:14 AM