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TurboTax is not allowing my rental property loss to be applied against other active income even though I meet the qualifications for a real estate professional and my rental property gain/loss is considered active income.
My husband and I own 2 LLC's. One is a construction company and one is our rental property company. We have losses on our rental income and even though I answered all questions pertaining to material participation and meet all the requirements, TurboTax is not applying the loss to my income on my construction company. How do I fix this?
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‎February 6, 2020
3:58 PM