You'll need to sign in or create an account to connect with an expert.
Is your income over $150,000?
Do you have any "passive" income?
Did you sell a rental property (or other passive activity)?
Filing single , income over $150,000
Have rental income which not my profession so it is passive.
Didn't sell any property
First, I want to clarify what you mean by "the program is taking a real estate deduction". You mean a deduction for the RENTAL loss, right?
Do you have more than one rental? One with a loss and one with a profit?
Double check the days of personal use and the days of rental use. If you converted the property from personal use to rental use during the year, do not count any personal use days prior to the date of conversion. Personal use days only count if the property is used personally after the time it became a rental property.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17565875357
New Member
KarenL
Employee Tax Expert
Rprincessy
New Member
Ninaya1
New Member
edthilbert
New Member