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Investors & landlords
These suggestions do not seem to correct the behavior of TurboTax.
First, I tried to delete all K-1s. Then re-enter my wife's K-1 first. Still, the interview does not ask about real estate professional.
Next, I tried to edit her K-1 directly, indicating (1) material participation, (2) real estate professional, and (3) a trade/business. Even with these check boxes set properly, the losses are still suspended for current year.
Your help and advice are appreciated.
Regards,
Chuck
‎February 6, 2022
4:50 PM