Hi, Thanks for the reply. My CPA at my financial firm says that the other suspended carryforward Passive losses from the rental properties should also trigger since I sold this one rental. He referenced IRC section 469. Also my financial planner sent me this link which discusses this happening in Turbotax for his sale of just one property. The question is how do I get the turbotax program to perform this task?
Here is the link: HTTS://TTLC.INTUIT.COM/COMMUNITY/TAXES/DISCUSSION/SCHEDULE-E-PASSIVELOSSES-ERRONEOUSLY-OFFSET-MY-CAPITAL-GAINS/00/2902393
THANKS AGAIN FOR ANY HELP THAT CAN MAKE THIS HAPPEN IN THE tURBO TAX PROGRAM.
