Accountant-Man
Level 13
07-16-2025
11:37 AM
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IDK how Pro Connect works, but in Pro Series you enter everything on Sch E, enter the days which will disallow stuff, and the non-rental Mtge Int and RE taxes automatically go to Sch A.
You don't need to calculate them.
And the Int & Taxes can create a loss and be allowed, but the rest are deferred until future possible Income allows them.
And that loss would NOT be passive.
** I'm still a champion... of the world! Even without The Lounge.