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When you enter your rental information in TurboTax, you will see an option on the screen that says Do Any of These Situations Apply to This Property? To indicate that "I have passive activity real estate losses carried over from a prior year":
Later, you will see a screen where you can enter your passive loss carryover from 2023:
You don't need to segregate the losses by year, just enter the loss carryover available at end of 2023.
That might work if the property is entered completely new. I don't get that question, likely because I've used Turbotax for many years and had my property for several years as well.
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.
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.
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