Can you please tell me how to remove a 465(d) carryover (at-risk) loss from my return (it was a mistake...I had no (at-Risk) loss from prior years)? .

Forum|Forum|7 years ago
June 6, 2019
6 replies
7 views

In preparing my 2018 tax return I mistakenly included an amount as a section 465(d) carryover (at-risk) associated with a Schedule E single family rent house. I did not have a 465(d) loss at all in prior years and just want to remove it altogether.

TurboTax Premier Windows

MichaelL1

Level 15

Go to Forms in the upper right, then in the left side of the screen look for the 465(d) at risk open and delete it.
If any worksheets -delete those first
To delete, when you open a Form in the lower border then is a Delete tab to hit.

Let me know if that takes care of it for you .

AndyC4Author

Level 2

Going to Schedule E WKS (Property Name) worked. Thank you!

MichaelL1

Level 15

Great I am going to post below as an answer so it can help others also.

MichaelL1

Level 15

Deleted my answer as @MBA Ops already answered and did not see it.

MBA-Ops

Level 2

Thanks TuboTaxMichaelL1 for reminder to post my answer as Answer instead of comment

MBA-Ops

Level 2

Go to Forms in upper right icon or View Forms pulldown. Look for Schedule E WKS (Property Name). Scroll down within the Form to Carryovers to 2018 Smart Worksheet. Then change Line B Schedule E Suspended Loss to the proper amount or blank it out. This worked for me