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abh1
Level 2

Keep getting this error message on my properties

LossLimitError.png

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3 Replies
DaveF1006
Expert Alumni

Keep getting this error message on my properties

To clarify, was that entry automatically populated or did you record the entry on the worksheet?

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abh1
Level 2

Keep getting this error message on my properties

Turbotax is popping up this error but it is doing the calculation. I need to file my taxes and have been waiting for a reply over 1 week.

MarilynG1
Expert Alumni

Keep getting this error message on my properties

Did you sell the Rental Property in 2024 so that previous unallowed losses are being taken, or was the loss amount showing for 2024 Schedule E?

 

If the loss is for 2024 and you had no previous unallowed losses, and you sold the property, the loss for 2024 and prior years would be the same amount.  Doesn't seem like an error in that case.

 

If this comes up in Review, can you Continue past it? 

 

If you can give more details, we'll try to help. 

 

@abh1 

 

 

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