jnanos
Level 2

Taxpayer has 9 residential rental properties and 1 farm rental.  Actively participates in all.  Farm rental has income of $12,612.  $ residential properties have losses totaling $(100,775) and 5 residential properties have income of $32,650.  I am missing something because Lacerte is allowing $12,612 of loss to offset the farm rental income and taxing the $32.650.  Shouldn't my income of $45,262 absorb that much loss and leave a passive loss carryforward of $55,513?  All rental property screens a marked the same, as passive with active participation and not a real estate professional.  HELP!

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