swyman100
Returning Member

Investors & landlords

@AmyC Thanks so much for the reply.  So to be clear there are a couple issues I need to reconcile.

 

1. I have TWO condos as rental properties.  I sold only ONE of them, however TT is using the passive loss carryover amount of the combined condos as a real estate loss and pulling into 1040 

 

2. to be super clear....in the year I sell a property, I am able to claim all passive losses against my AGI as an "Other Income" schedule 1 loss??

 

What I need first is to figure out how to separate the two condos so that only the loss from condo 1 is used if #2 above is correct.

 

Thanks!!