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April 11, 2022
Question

I sold a rental property and claimed the passive losses to not pay taxes on the proceeds from the sale. How do I tell turbo-tax to no carry this loss anymore?

  • April 11, 2022
  • 1 reply
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1 reply

April 12, 2022

How did you "claimed the passive losses to not pay taxes on the proceeds from the sale"?

 

When you told the program you sold the rental property, it should have automatically applied the Passive Loss Carryovers, and it would not carry them forward to next year.