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Investors & landlords
In my test return, as a Michigan resident, I sold a rental property for a gain in New York, and entered a suspended Passive Activity Loss amount. My MI Form 4797 shows the Gain/Suspended Loss, but is not allocating any amount to MI.
You may want to go through the interview section for the Rental Property/Sale, rather than just using Forms mode, to see if this changes your outcome.
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‎February 23, 2025
9:29 AM