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Level 1
posted Apr 13, 2025 9:15:11 PM

Error on K1 review "Passive Operating Loss ...sum of losses in individual years should not be greater than the total loss" Any ideas on to resolve this?

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1 Best answer
Expert Alumni
Apr 14, 2025 6:14:03 AM

When you run Smart Check, TurboTax will present a section of Schedule E Worksheet Carryovers to 2024 Smart Worksheet, Disallowed Passive Losses by Year and Type. For some properties, the carryovers are out of sequence. For instance, 2022 is on the 2021 line. Or the 2023 number is on the 2022 line. 

 

NOTE: Please use the Chrome browser to access this table when running Smart Check in TurboTax Online.

 

To fix this, enter the correct number starting with the most recent year. Then move up the schedule until all years are correct. This may be easier if you can access your 2023 return and print the Schedule E worksheet.

 

 

We are not aware of an estimated date for this experience to be revised before the tax filing deadline. The ultimate fix is to 1) clear and start over in TurboTax Online or 2) transfer your 2023 return into a new 2024 return using TurboTax for Desktop.

1 Replies
Expert Alumni
Apr 14, 2025 6:14:03 AM

When you run Smart Check, TurboTax will present a section of Schedule E Worksheet Carryovers to 2024 Smart Worksheet, Disallowed Passive Losses by Year and Type. For some properties, the carryovers are out of sequence. For instance, 2022 is on the 2021 line. Or the 2023 number is on the 2022 line. 

 

NOTE: Please use the Chrome browser to access this table when running Smart Check in TurboTax Online.

 

To fix this, enter the correct number starting with the most recent year. Then move up the schedule until all years are correct. This may be easier if you can access your 2023 return and print the Schedule E worksheet.

 

 

We are not aware of an estimated date for this experience to be revised before the tax filing deadline. The ultimate fix is to 1) clear and start over in TurboTax Online or 2) transfer your 2023 return into a new 2024 return using TurboTax for Desktop.