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Investors & landlords
Here's one (admittedly sketchy) option for getting around Turbotax deleting Schedule E and therefore not carrying-over the passive loss into Form 8582 ...
Claim one non-existent night of rental, and 19 nights of personal use. Turbotax will happily fill out Form 8582 with the carried-over passive losses. There will be no depreciation expense (I guess since there's more than 14 days of personal use) and it'll only add 5% of your expenses. Claim rental income equal to those expenses. So your total loss is equal to the carried-over amount, just as it should be.
‎December 4, 2024
1:43 PM