- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I have the same situation of converting rental property to personal use in 2020. Now that my income has dropped below $100k (phaseout), can I use the Special $25,000 allowance (Pub 925, p 5) this year to deduct my PAL from my non passive income, rather than waiting until I sell my property? If so, how do I enter the PAL in TurboTax?
‎April 9, 2025
8:54 PM