pm-zz
Level 3

The loss numbers are irrelevant to the question.  It's a Vacation Rental (i.e. these people use the property as vacation property every year and also rent it out.)  This individual is NOT a real estate professional.

Rented FMV  299 days

Personal use 66 days  

Proseries is automatically classifying (X) as "other passive exceptions"  thus allowing a % of the current year loss as a deduction.   AGI is north of $3 million.   P/Y return prepared by Big 4 and similar scenario and % of the loss deducted as "other passive exceptions".   

I guess the question is the proseries worksheet reliable ?

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