I also have rental property passive losses for rentals in Hawaii. However, the amounts of the losses are different amounts from Federal as we have income in our home state of Ca. Since there is no income in HI, besides the negative rental amounts every year, we add this to the suspended passive losses which keeps growing each year whereas in Federal some of it gets used up each year.
We sold one of the rentals in 2019 and I was trying to figure out how to make HI use the gain on the sale against the passive loss amount for that property.
I saw your message about using property profile to put in the passive loss amounts. However, as soon as I did that it messed up my federal return because as I said above, the amounts are different in Federal and HI.
How do I put in the HI suspended passive loss amounts and not have to pay capital gains tax on my sale as it should be covered...???
