Why does it look like turbo tax is allowing me to take losses on my rental property to reduce my AGI even though i show i am not a real estate professional?

 
Carl
Level 15

Investors & landlords

See IRS Publication 527 at https://www.irs.gov/pub/irs-prior/p527--2019.pdf page 13, 3rd column. The section titled "Exception for Rental Real Estate Activity with Active Participation."

 

Investors & landlords

Thanks but I don’t qualify for the active participant and my AGI is way above the AGI limits which TT should know.