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Losses on rental property
I have been reading about the reason rental losses are not allowed and from what I have read it appears that losses should not be counted as passive if you are considered a real estate professional. When I answer the above questions on TurboTax the rental is still counted as passive. This is for tax year 2023.
What am I missing about the rental property and the reasons why it is still being considered passive by TurboTax?
Friday