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Investors & landlords
Which program will automatically recognize the scenario as non passive? I’m using TurboTax online, and anything I enter on Schedule E is being treated as passive by TurboTax and the system will not apply my losses to my W2 income even though it is a short-term rental property that I materially participate in. One support person instructed me to put the income and expenses on Schedule C if I want to deduct the losses, but I don’t think it belongs on Schedule C.
January 15, 2023
7:14 AM