Why is a rental loss allowed for taxpayer earning over $400,000?

larryzfp · ‎06-11-2020

Program is allowing a rental loss, AGI over $400,000. I didn't check Real estate Pro. what am I missing?

Accountant-Man · ‎06-11-2020

Is Material participation checked?

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larryzfp · ‎06-11-2020

No. if I check it it doesn't change anything. That is what is confusing me.

abctax55 · ‎06-11-2020

Complete disposition this year?

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larryzfp · ‎06-11-2020

No.

abctax55 · ‎06-11-2020

Is there passive/rental income from some other source? What shows on F 8582?

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