JanetLM
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Thanks for your reply. So what this means is if we have any future passive income from other activity (which we will), we can't use the unallowed passive losses...
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I did exactly as you suggested but when I get to the box where I indicate that the property wasn't rented at all in 2019, Turbotax deletes the property as a ren...
Activity Feed for JanetLM
- Posted Re: Prior Year Unallowed Losses from Former Passive Activities on Business & farm. April 2, 2020 6:05 PM
- Posted Re: Prior Year Unallowed Losses from Former Passive Activities on Business & farm. April 2, 2020 4:26 PM
- Posted Prior Year Unallowed Losses from Former Passive Activities on Business & farm. April 2, 2020 3:34 PM