turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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).

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies