I recently filed an amended return for 2016 (from TurboTax software) where I had erroneously put mortgage interest on a rental property as a personal deduction instead of as an expense against the rental income. When I amended the return to accurately classify the expense, it pushed 2016 into a passive loss unallowed situation where total rental expenses exceeded rental income. When I now open up my current working 2017 (unfiled) return, TurboTax is not recognizing the amended return and the prior year passive carryforward loss to accurately account for the now cumulative loss from both years on form 8582.
Can I edit the forms manually?
You'll need to sign in or create an account to connect with an expert.
In the introductory part of the rental section (where you enter the rental's address and so forth), there should be a check-box asking about Passive Loss Carryovers. Check that, and it should allow you to edit the amount of carryover.
In the introductory part of the rental section (where you enter the rental's address and so forth), there should be a check-box asking about Passive Loss Carryovers. Check that, and it should allow you to edit the amount of carryover.
Thanks.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
marquelle-adkins
New Member
nailqueen17
New Member
williamslori917
New Member
rayoh
New Member
ak1294
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.