I own a rental property abroad that is considered to be actively participating.
Since 2019, I have been reporting passive loss carryover from the rental using Form 8582. But I just noticed there is a checkbox for carryovers "I have at risk losses carried over from 2021" on Turbotax.
What exactly are at-risk losses when it comes to rental income? Does this apply to me?
Any advices would be great! Thanks!
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