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I have passive rental losses, but my income is over $150k; why does it allow me to use the loss this year?
Isn't it IRS rule, once your income reaches $150K, you will not allowed to use the loss to offset your current year income?
I did at the very beginning of the Interview, already answered that I am not qualified as "active participating".
I would not think the software has this bug, but where did I do wrong?
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‎April 14, 2022
8:21 PM