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Investors & landlords
I converted my rental property to personal use in 2016. When preparing 2017 taxes, I realized I still had the passive activity real estate losses for that property. I went back to my 2016 TurboTax and followed the steps noted in this answer (had a number of assets for the property that I did this for). I did not see the total passive losses carry over to Schedule E line 17 of the 1040 - nothing changed (I wasn't "amending" at this point - just trying it out). Is this restricted by income level or what could the issue be? Thanks for the help!
‎June 6, 2019
9:27 AM