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How to apply one rental property's loss to other rental property's income?
Hi Expert,
I have a few rental properties, there are more than $40,000 net income all of the rental properties net income except $9,000 loss on one property. The turboTax software only shows my $9000 loss carrying over to next year. Is any way I could use the loss this year? I can't find the option which I can chose. I used TurboTax Home and Busess Version. Please advice how I can use the loss with other rental income together this year 2022.
Thank you!
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March 9, 2023
1:53 PM