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Level 1
posted Feb 20, 2021 1:30:17 PM

Form 8824 Line 15

I know how the correct number for Form 8824 Line 15, but I do not know what fields to enter into the TurboTax Worksheet for it to correctly appear on Form 8824.

0 4 1518
1 Best answer
Level 15
Feb 20, 2021 1:35:15 PM

There is an entry field in Step-by-Step for this figure. Have you tried that?

 

4 Replies
Level 15
Feb 20, 2021 1:35:15 PM

There is an entry field in Step-by-Step for this figure. Have you tried that?

 

Level 1
Feb 20, 2021 2:03:36 PM

Thank you for your reply. That appears to be the right thing to do! Can you tell me where to put my aggregated depreciation for the property I relinquished?

Level 15
Feb 20, 2021 2:05:29 PM

Did you check the box to link your Schedule E with Form 8824? This should happen automatically if you do so.

Level 1
Feb 20, 2021 2:16:08 PM

It looks like it is linked. I have the property listed on the line under A Schedule E Worksheet. I double click it and it takes me to Schedule E for the relinquished property.  When I add up all my depreciation in past tax returns for the relinquished property I calculate a little over $41K total. I thought I had to subtract that somewhere. I see a Deductible rental real estate loss of -10,392.