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Investors & landlords
Thanks, @Anonymous_! Completely agree that this is not a passive loss carryforward. Based on everything I have been reading though, these disallowed deductions are carried forward, and hoping to find where to track these in TurboTax!
From the link you shared: "When a dwelling unit is rented and is also used personally, IRC §280A(c)(5) limits the deductions allocable to rental use to rental income, and the excess deductions are carried over to the next year."
Appreciate your help!!
February 7, 2024
9:20 AM