I have 2 questions.
1) I have rental property which I converted to primary in 2020 and converted back to rental in 2023. I have suspended passive loss from 2020 and prior but I realized this passive loss were not carry forward in my tax form from 2021-2022 (cause we didn't have rental then). This rental property record is also missing in my "Business" section. I believe since the past tax income is not impacted, I just need to re-create the rental property entry in order to continue the depreciation, and to carry forward the suspended loss. Is that right?
2) We own the rental property 100% and in my past years' schedule E, I can see that the at-risk status is "ALL" and passive status is "Active RE". However, why is it that passive loss is populated but at risk disallowed loss is blank? I would assume that both passive and at-risk loss should have been populated as our investment money is at risk.
If at-risk should be populated, should I just create entry to create Section 179 carryover so that I can realize the at-risk loss for 2023?
