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Sold all Rental Properties. Left with a Carryover Loss. How to apply to income?
We sold our last rental property in 2022 and had a carryover loss of $81k. I see this year that entry exists as a a loss against QBI. It is my undershtanding that once all real estate is sold, losses can be taken against ordinary income. Is that the case still? How do I do this in Turbotax? Do I need to refile in 2022 or can I do this for 2023?
‎February 1, 2024
1:54 PM