Mike -thanks for taking the time to reply! I think 2023 & prior are correct (RE Pro status). My husband just retired here in 2025, but has been a real estate professional which included managing our rental properties in 2024 & prior for many years. So, for 2024 it was my intention to count him as a real estate professional (I am working under an extension with a due date of 10/15). (We will have to change that when we do the 2025 taxes). But I cannot find where to input the RE Professional designation in the 2024 Premier software (I have done this in prior years). The only question I'm getting in the "interview" section has to do with are we "actively" participating. And since I can't figure out how to designate the RE Pro, the rental property income is going over to form 8582 (line 1a), and is therefore being counted against the other passive losses. (I even tried to manually override the "Passive Status" on the Activity Summary Smart Worksheet for my properties, which has "Active", to "RE PRO". But that's not making the Form 8582 change).
That's OK if I am still able to take the QBI deduction legitimately AND the passive loss offset. (BTW, the software is giving me the QBI deduction AS WELL AS the Passive Loss offset right now.) But that seems suspect to me and I don't want to screw up the return and get audited/penalties for underpaying, etc).
So I need to figure out how to get that RE Pro designation to work, or leave it as-is if I am legitimately entitled to the QBI deduction AND the passive loss offset.
I really, really appreciate any insight/opinions you might provide. I am really stuck and don't know how to proceed.
