The situation is simple:
The rental income is higher than the expenses. i want the previous year’s losses to cover for the gap so i owe $0 in taxes.
i definitely don’t look for ways to offset any ordinary or non passive in come with passive carryover losses.
My point is that is that turbotax doesn’t lets me do that. i think the software is buggy and not serving its purpose.
i was able to do that in the past using other tax preparation software (non of them asked gave me 3 strange options of “regular tax” , “amt tax” and “qbi tax”)
turbo tax is over complicating it and not providing the desired effect using any of these 3 options.
