non passive rental real estate loss
I have a non passive rental generating 32K loss. MAGI is 160K. total loss is flowing to front page. I can override the program to limit to the 25k but seems to me the program should handle this situation.
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PhoebeRoberts
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Questions answered: 9536
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03/16/10 2:24pm PDT
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Active is active. No $25k limit.
Passive with material participation is $25k, but isn't available at the AGI you describe.
Lacerte handles rentals just fine, but you have to give it appropriate input.
If I wanted phone calls, my phone number would be in my profile. If you have a question, post it in the applicable forum.
