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Investors & landlords
@AbrahamT Your message was very helpful, but.. when I have a passive loss ($50K) in schedule e worksheet (with a $14K profit for that rental for the year), it disallows $36K even though I am showing a $150K profit on selling the property. Your example shows it being allowed - so I assume I am missing some box that I needed to check someplace??
Thanks in advance
‎November 26, 2023
5:01 PM