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Investors & landlords
Thanks - followed your direction and completed the "sale" of all items listed on the asset list.
This did not help.
Again two things make me think that there is an error in the work flow -
I understand that if it is sold all "losses" will be released for that property and that could possible be the reason for the line 22 transfers from form 8582 for property A but as property B was not sold why would it "release" all possible losses for that property again on line 22.
I still do not think that the program should "release all possible carryover losses " to be used on line 8 of 1040 against (passive losses and capital gain losses) ordinary income.
‎January 18, 2022
4:11 PM