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Investors & landlords
three options
1) put the residence back on schedule E (description rental converted to residence) but no data except these items - check the active participation box, enter the passive loss carryover in that section days rented 0, personal use 0
2) put the pal c/o on the new property. this may create issues should you convert your residence back to rental
3) keep track outside of Turbotax and then enter only the usable PAL c/o in the pal c/o section of the new property until its used up. This would have to take into account any special allowance if your AGI is below $150K
I favor option 1.
there is no other place where Turbotax tracks PAL. c/o any override on the8582 prevents e-filing.
March 23, 2024
10:35 PM