I prepared my 2024 return on TT H&B. There was a vacation rental that was taken off the rental market at year end 2024 in anticipation of a sale in early 2025.
The property didn't pre-populate when the 2024 data was moved over to 2025. It may have moved over as a Schedule C, regardless of the fact that it was a Schedule E activity in 2024. The TT product is now abyssmal.
Regardless, when I started to enter the property as a Schedule E activity the software asked me if there was any rental income in 2025, to which I answered "No." It then instructed me to delete the activity as a Schedule E.
Having done that, I then entered it as 'Sale of Business Property.' But how do I enter the passive activity loss carryforward, which frees up now that I have exited the property.
Did I say that this product is now abyssmal? I meant that this product is now ABYSSMAL.
