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Investors & landlords
Yes, you will be able to use your passive loss carryover against other passive income reported on your Schedule E.
Your passive loss carryover from Property A will be shown on your Schedule E, and your passive gain from Property B, will be netted for Total Rental Real Estate Income (or Loss) on Line 26.
Here's more info:
https://ttlc.intuit.com/replies/4026913
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‎June 3, 2019
5:12 PM