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rschneider44
Returning Member

Can I fix a Schedule E Worksheet error? ``Passive Operating Loss...sum of losses in individual years should not be greater than the total loss´´ this. How to fix this?

For 2023 Turbotax put overall loos (sum of all annual losses) in the column for annual loss. leading to this error.
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1 Reply
MonikaK1
Expert Alumni

Can I fix a Schedule E Worksheet error? ``Passive Operating Loss...sum of losses in individual years should not be greater than the total loss´´ this. How to fix this?

If the message you see relates to a rental property (Schedule E), try working through the property interview again. 

 

  1. In TurboTax Online,  navigate to Federal > Income & Expenses > Rentals, Royalties, and Farm (Schedule E).
  2. Navigate to your Rental Property Summary page and look for Less Common Situations at the bottom.
  3. Click the pencil icon to the right of "Carryovers, limitations, at risk info, etc." and work through the interview to enter your carryovers. 
  4. Check the box for "I have passive activity losses carrying over from last year," and complete all tables that may appear and continue until you reach the property summary page again. 
  5. It is important that all boxes have an entry (zero is accepted). This should resolve the Smart Check message.

Please also see this discussion thread for more information.

 

 

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