Investors & landlords

I also noticed a weird situation with TT2018 (since TT2019 is not stable yet).

 

As I mentioned that I have 3 rental properties, property 1 is sold, and property 2 and 3 are still active rentals. And I am not allowed to have passive rental loss.

 

So, when I go into Property 1, select Property Profile, mark property as Sold.... all is good (I went to check Schedule E, Property 1 now has shown suspended passive loss (which should be the case, as I have sold the property).

 

However, when I continue to the Assets/Depreciation portion of Property 1, and enter sale date, sale price, etc.. Suddenly on Schedule E, both property 2 and 3 suddenly allow Deductible rental real estate loss (instead of showing zero on Deductible rental real estate loss) as if all three properties are "bundled together"?

 

Thanks