carried-over passive losses when rental converted to second home
Now, I'm seriously confused. I thought amending to make the loss non-passive was to my advantage. If that's not the case, then I can certainly make a strong case that they are passive.
carried-over passive losses when rental converted to second home
From instructions for Form 8582:
A rental activity is a passive activity even if you materially participated in the activity (unless it’s a rental real estate activity in which you materially participated and you were a real estate professional).
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