Thank you very much for your response. And of course now I have a follow-up question.
My understanding is that this capital loss should be capable of being applied towards other capital gains in the same year, notwithstanding it being a capital loss from a passive activity. However, Turbo Tax is designating the loss as an "unallowed loss" from a passive activity. I don't think that's correct but I can't figure out where it's going wrong.
Any guidance?
