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Investors & landlords
Thank you for your quick reply. I had tried that but it seemed like all the income would then be considered ordinary. There was a note that said "If you determine that a portion of a gain should be treated as ordinary income, you'll need to enter that amount as interest income in TurboTax, and increase your cost basis for this sale by the same amount" I just didn't know if this made sense or if this would cause me to lose any passive loss adjustments.
‎April 7, 2020
4:06 PM