Prior to 2022 taxes, I utilized Turbo Tax.
For 2022, an accountant completed by taxes:
- The appropriate documentation was provided to IRS that I have a single real estate activity for 2022 and subsequent tax years as well as I made the de minimis safe harbor election. 2022 was the first year I was considered with active participation.
- Form 8582 Part I Items 1a through d "Rental Real Estate Activities With Active Participation" were completed
- Form 8582 Part II "special allowance for rental real estate activity with active participation" section was completed.
- Form 8582 Part IV was completed
Turbo Tax 2023: it appears Turbo Tax doesn't think I have active participation instead it completed the form as passive.
- Form 8582, Part I Items 2a through d were completed "All Other Passive Activities"
- Form 8582 Part V was completed.
Since my first year as a real estate professional was in 2022 and did not use Turbo Tax then, there must be a trigger field that I must complete for 2023.
All help is greatly appreciated.
