How to delete section 465D carryover?

This method has worked for others:

Go to Forms in upper right icon or View Forms pulldown. 

•  Look for Schedule E WKS (Property Name).  
• Scroll down within the Form to Carryovers to 2020 Smart Worksheet.  
• Then change Line B, Schedule E, Suspended Loss to the proper amount or blank it out.  

Thanks. I am using premier on line version. There is no "Forms in upper right icon or View Forms pulldown. " I tried tools section on left, it only give me option to delete a form. But I am not able to see the entries of the forms other than the form name. 

The instructions for Forms is for the Desktop version of TurboTax.

In TurboTax online, there is a method to zero out the incorrect entry.

If you are certain you didn't have a  Section 465 (d) carryover from prior years, you can clear this up by adding a negative "Miscellaneous" expense. 

1. Go to the Rental Expenses section and click the box next to Other miscellaneous expenses.
2. On the next screen, Other miscellaneous expenses, enter the carryover figure as a negative number and enter the description as Section 465 (d) carryover offset.  

Another choice is to switch from the Online version to the Desktop version for access to forms and worksheets.

Here are instructions on how to switch.

When finalizing my return, it flags a negative number as an error.  It cannot be less than zero.

In that case, try option b as per pattifi12 explained earlier. Simply switch  from the online version to the desktop version,

see HERE and delete the information from there as follows; Go to Forms in upper right icon or View Forms pulldown. 

•  Look for Schedule E WKS (Property Name).  
• Scroll down within the Form to Carryovers to 2020 Smart Worksheet.  
• Then change Line B, Schedule E, Suspended Loss to the proper amount or blank it out.   

Or if that's the only figure that is relevant to that worksheet, delete the form in its entirety.  

In TTO, go to Self Employment

Select Edit

Scroll down to At Risk loss carryovers

Next page will show the checkbox for at risk carryover for qbi

click continue

on the next page remove the sec 465(d) carryover 

I have this same problem with 2023 Desktop. You can't enter a negative number and I don't see carryforward in the worksheet to delete this amount.

Many things have been corrected in the latest updates to TurboTax. Are you still experiencing this problem?

Make sure you have ran all updates. 

If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.

If using TurboTax Desktop: Please see this FAQ.

I ran numerous updates and again after hiring and paying  an expert to review my return;  It didn't make a change in my refund so I hope it's right. I don't like the fact I can't see where and how calculations are generated anymore or the IRS code section that applies to the calculation. 

Using TurboTax for Desktop, you can trace the flow of any form calculations using Forms Mode. (This function is not available in the online version; you will need to switch your return to a desktop installation.)

1. As mentioned above, go to Forms and open Schedule E Wks for the property in question.
2. Scroll down the Carryovers Smart Worksheet.
3. Right-click on the box for Regular Tax on Line B.
4. Choose "About At Risk C/O..."

You will see this information for At Risk Carryovers:

"If you didn't use the transfer option, enter any Schedule E at risk loss carryovers including any at risk loss carryovers for dispositions related to this activity on lines B through F. Any amount on line B will flow to line 19, "Other Expenses", as a "SECTION 465(d) CARRYOVER". Any amounts on lines C through F will automatically flow to the appropriate line on Schedule D and/or Form 4797."

Also, as you right-click, notice that "Data Source" is grayed out. This means the number is a direct entry and not calculated. If you enter a number here and it stays blue, TurboTax has accepted your entry.

If you are working in Forms mode, you may find it useful to follow the flow of numbers on forms.

When you find a number you need to change that is in a black font, right-click the number and choose "Data Source." This will bring up a box with a hyperlink to the form where that number was sourced. If the number is still black on that form, repeat the Data Source + hyperlink to follow the number to the next form.

When you reach a number in blue, you can revise that number without creating a form error. Any form with a red exclamation point has an error. Click the Errors icon above the forms list to see an explanation of that error below the form when opened in the large window.

Any number in green was imported from last year and should not be changed.

Additional info:

• What's the meaning of all the different colors in Forms Mode?

@nshdoodah

Thanks for this info but I ran review, no errors found and filed on Sunday. I like to get any refunds requested  asap. I hope system testing and updates can be provided earlier.