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Investors & landlords
@Frank666 wrote:I have asked my previous CPA, and his answer is that I should be able to offset my property B positive rental income with the suspended passive loss from property A, and his suggestion is to add it to 8582, but the problem is that TurboTax doesn't seem to allow me...
Your previous CPA is correct.
You are correct that that TurboTax is faulty and just deletes the carryover rather than allowing the loss to continue on the 8582.
‎April 1, 2024
5:35 PM