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Investors & landlords
@AmeliesUncle Thank you so much for confirming. That was what I thought when I read up on it but it is such a complex situation I wasn’t sure if I was interpreting it correctly. In this situation is it better to report the PAL as negative other income or to do the Sch E workaround you mentioned earlier where you enter 15 days rented with no income or expense in order to generate the passive loss form? Thank you!
March 7, 2021
9:56 AM