I tried to indicate that I disposed of the rental property in my 2024 return giving the disposal date as August, 2023 when my rental property burned down and TT would not accept that date, so I figured that I probably need to amend my 2023 return instead. I did that (in the software, not yet officially) and it appears to have worked successfully, however, I will get a huge federal and state tax refund of $6,400 and $2,300 in 2023, then when I import that amended return into 2024, I will get an even larger and offsetting federal and state tax amount owed of $8,400 and $4,400 in 2024. This is because I will have used up most of my passive carryforward losses in 2023, and then used all of my remaining passive carryforward losses in 2024. So, my question is--if the TT Expert is still looking at this--do I have to use all of my passive carryforward losses in 2023 the way TT is allocating them in Form 8582? Or, can I somehow have TT use less and save some of my passive carryforward losses for 2024 and future years?
