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Disallowed Passive Losses
On federal review I am getting an error where I have to enter an Operating Loss for 2020 on my vacation rental property. There is NO entry. There is however an entry for 2018, 2019 & 2021; however, I did not own the rental property in 2018. It was purchased in a 1031 exchange in 2019. In 2018, I sold the 1031 exchange property. SO, my question is: Is there a cliche in the 2022 software or should there be a loss listed in 2018 and IF so why is 2020 blank? This makes me wonder if 2018 and 2019 carried over in correctly??
‎January 20, 2023
12:16 PM