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Rental income classified as non passive so I don't get the $25,000 deduction
I have several "passive" rental properties on my taxes with income. Turbo Tax identified the income for only 2 properties as NPA non passive income and reduced my $25,000 deduction. I checked my answers to make sure they were identified as passive with active participation. What could be the reason for this? The 2 properties are land.
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‎October 15, 2023
12:19 AM