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Common questions about Corporate Rental Activities in ProConnect Tax

SOLVEDby IntuitUpdated August 15, 2023

Common questions regarding rentals and other passive activities

Enter a former passive activity

  1. Go to Input Return Income Rental/Other Passive Activities
  2. If there are prior year un-allowed passive losses entered, and you select either Not a Passive Activity or Real Property Trade or Business Exemption checkbox. The program assumes the activity is a former passive activity.

Free suspended passive loss

  1. Go to Input Return Income Rental/Other Passive Activities
  2. Enter 2 in 1 = Delete This Year, 2 = Delete Next Year to indicate that this activity has been disposed of this year and to release all suspended passive losses

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