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Calculating total passive real estate income in a portfolio (2017)
I am amending a 2017 return and noticed that Turbo Tax was showing positive passive real estate income in the rental section of the return even though combined all my rentals were running a net loss.
One rental made $4K for the year while all others lost $12K combined, why are my passive loses not offsetting my passive income? Married filing jointly with AGI> $150K if that helps.
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‎September 2, 2019
6:02 PM