@CarlThanks a lot for the answer. Appreciate it. In my case it seems Turbotax keeps offsetting my active income (wages) with the rental income losses from the r...
@CarlBased on the discussion above with@ColeenD3 it seems that deduction does not apply for renting portion of you residence including room in your house. Do yo...
My understanding ofIRC section 280A is that because it is my residenceno deduction for loss is allowed. I do not use that room (rented to a long-term tenant ove...
Thank you. That's what I am doing. The issue is I should not be able to use the losses from that property to offset anything else than passive income. The softw...
