Good Morning. Due to my husbands and my income now being over 150k we can no longer deduct our rental losses. Do I need to still include the information in our return?

[kleichar]

If I do not, how can I change my filing package from Premier to another one?

[Carl]

Yes. You absolutely will include the SCH E reporting all income, and all expenses. You will still "claim" everything. But the program will know based on your MAGI, what is "allowed". Your reporting requirement doesn't change.

[SweetieJean]

and State tax law may be different.

[re2boys]

You may have a carry forward passive activity loss.  You definitely want to keep track of these from year to year as in some future year you may be able to offset a gain, use the loss if your income drops.  And once you completely dispose of the property, the accumulated losses, if any, are fully  released regardless of your income that year.