If a client has carry forward passive losses on a schedule E, but is no longer renting the property, how do I continue carrying the losses forward in ProSeries?
If a client has carry forward passive losses on a schedule E, but is no longer renting the property, how do I continue carrying the losses forward in ProSeries?
I enter the date the assets were taken out of use so the depreciation stops as of that date, then I just leave the empty Sch E worksheet in the return and it keeps the figures on the 8582 until they can be used.
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