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Help! I accidentally said I had a SECTION 465(d) CARRYOVER for my prior year's tax return (which I didn't complete on Turbo Tax). How do I remove it?

Last year, my return was completed by a tax professional.  At the start of entering in my data, I was asked if I had "passive carryover loss" from my prior year's return and I accidentally said yes and entered in a monetary amount.

Later I realized my mistake.  I tried to delete the passive carryover loss by visiting the Rentals section and going through the automated questions.  When I got to the page where I could uncheck that I had passive carry over loss, I unchecked the box.  Despite that, this loss keeps showing up on my return as a "SECTION 465(d) CARRYOVER".  

I'm not sure what to do. Help!
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1 Reply
KrisD
Intuit Alumni

Help! I accidentally said I had a SECTION 465(d) CARRYOVER for my prior year's tax return (which I didn't complete on Turbo Tax). How do I remove it?

You can "Clear & Start Over" under tools on the left side-bar OR enter a negative amount in the "Miscellaneous" expense to offset the carryover and describe it as  "Section 465 (d) carryover offset".  

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