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Passive income carryover Unallowed Loss creating negative income
TT is carrying the whole unallowed loss from last year. It creates a negative income. Am I supposed to change the amount to equal my current income (making income zero) and will it create a carry forward amount? Am I supposed to be using the whole amount? Will it go into NOL category?
Schedule E lines 24-26
Income 6,482
passive loss carryover -13,831
total real estate loss -7349
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‎April 2, 2025
9:08 AM