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Investors & landlords
Be sure you indicated on each rental property that there was a complete disposition. Double check to see if your passive activity losses (PALs) carried forward from 2020.
- Use the Search (upper right) > Type rentals > Select Edit beside your Rental Activity > Under Less Common Business Situations > Edit Carryovers, limitations, at risk info, etc. > Continue to enter your passive loss carryover
- The amount to carry over would be listed on your Form 8582 from your 2020 tax return on Worksheet 5 or 6.
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‎January 10, 2022
1:32 PM