topic I have 2 rental properties i entered expenses for each property but turbo tax allowed me to deduct the losses on one property and zero for 2nd one.what am i doing wrong in Investors & landlords

I have 2 rental properties i entered expenses for each property but turbo tax allowed me to deduct the losses on one property and zero for 2nd one.what am i doing wrong

hkhal4321 — Sat, 01 Jun 2019 20:35:44 GMT

my first rental property has -11390

2nd rental property has loss: -37600

under section of property and loss result turbo tax shows allowed losses -11300 but zero for the 2nd property.

Check to be sure that your answers to the questions about...

AnnetteB — Sat, 01 Jun 2019 20:35:45 GMT

Check to be sure that your answers to the questions about active participation and being a real estate professional were answered the same way for both properties.

Well.Turbo tax first verifies the answers to participatio...

hkhal4321 — Sat, 01 Jun 2019 20:35:46 GMT

Well.Turbo tax first verifies the answers to participation and being a real state professional before you elect to edit entries of any rental property.so yes, I did verify it.Thanks

The "active participation" TTAnnette refers to is per-ren...

TerryA — Sat, 01 Jun 2019 20:35:47 GMT

The "active participation" TTAnnette refers to is per-rental and is a checkbox/question on each of them. Check the 2nd property for the answer to that question.

Thanks very much.it worked.

hkhal4321 — Sat, 01 Jun 2019 20:35:49 GMT

Thanks very much.it worked.

If you have more than one rental property and you are not...

AnnetteB — Sat, 01 Jun 2019 20:35:51 GMT

If you have more than one rental property and you are not being allowed to take a loss on each one, then you should double-check the answers to the "active participation" and "real estate professional" questions.

To do this, edit each property one at a time to verify your answers.