https://ttlc.intuit.com/community/after-you-file/discussion/will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and-if-not/01/1465269#M356011 Tue, 14 Apr 2020 15:10:58 GMT browncarrs 2020-04-14T15:10:58Z https://ttlc.intuit.com/community/after-you-file/discussion/will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and-if-not/01/1465269#M356011 Tue, 14 Apr 2020 15:10:58 GMT https://ttlc.intuit.com/community/after-you-file/discussion/will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and-if-not/01/1465269#M356011 browncarrs 2020-04-14T15:10:58Z https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/1467480#M357148 <P>Would you elaborate on what versions of TurboTax might not have handled rental real estate losses properly?&nbsp; For passive losses zero offset of ordinary income with an exception for active participation which allows up to $25,000 of losses against ordinary income.&nbsp;&nbsp;</P> Tue, 14 Apr 2020 18:27:27 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/1467480#M357148 DMarkM1 2020-04-14T18:27:27Z https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/1499625#M372739 <P>&nbsp;The 2018 turbo tax rules vs recent Coronavirus rule change to allow loss not previously allowed high income filers. &nbsp;Will 2018 premium TT be changed to now allow real estate loss to off set income for refiling 2018 amended return? &nbsp;</P> Fri, 17 Apr 2020 13:09:11 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/1499625#M372739 browncarrs 2020-04-17T13:09:11Z https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/2166314#M552105 <P>How are current year loses for active participation of rental income handled within turbo tax?&nbsp;&nbsp;</P> Sat, 03 Apr 2021 15:49:06 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/2166314#M552105 jrherrman 2021-04-03T15:49:06Z https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/2171035#M553049 <P>Real estate rental losses to offset ordinary income for non-real estate professionals but&nbsp;with active participation are limited to $25,000 and that loss allowance is phased out at adjusted gross incomes between 100,000 and 150,000 per IRS instructions.&nbsp;</P> <P>&nbsp;</P> <P>Here is the current <A href="https://www.irs.gov/pub/irs-pdf/p925.pdf" target="_blank">IRS Publication</A> for reference.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>The CARES act suspended the excess business loss limitation but did not change the Passive Activity Loss rules.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>The excess business loss rule had&nbsp;limited business loss in tax years 2018-2025 to 250,000 (500,000 for joint filers) with the excess carried over to future years.&nbsp;&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Mon, 05 Apr 2021 12:51:16 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-will-past-years-turbo-tax-be-modified-to-handle-the-changes-to-allow-real-estate-losses-and/01/2171035#M553049 DMarkM1 2021-04-05T12:51:16Z