I receive W2 but my wife is a real estate professional - she spent > 50% of her time, >750 hours taking care of our real estate property and doing short term rental. I would like to use the rental income loss to offset my W2 income but your TT software does not allow that. What should I do?
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Go back and make sure you answered the questions correctly. For example, you must indicate material participation as well. In addition, it is unclear if your wife is engaged in two activities or one activity - taking care of our real estate property as one activity and doing short-term rental as another. If two activities, they need to be identified and grouped together.
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