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Rental loss carryover
I have some rental loss from previous year and this year, form 8995 line 3 and 8582 line 1c showed the loss and also offset by this years gain. However, the loss is not showing up in schedule E line 22 as deductible. If I manually enter passive loss, the deductible will show on schedule E. My question is, why is turbo tax not automatically taking the loss from previous year and deduct. Is manually entering it the correct way?
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‎April 9, 2024
12:18 PM