turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

PAL on rental property that is no longer rented - how do I carry these forward?

I have PAL for my rental property from 2015-2019. In 2020, we stopped renting the property. When I filed my taxes last week, I realized that there was no form 8482 in my return since I had reported no rental income. For some reason TT did not automatically carry over the 8482 PAL from the previous years. Should I manually amend my return for 2020 with the previous years PAL or is that not necessary? The last return showing PAL is 2019.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ColeenD3
Expert Alumni

PAL on rental property that is no longer rented - how do I carry these forward?

No, just keep the last Form 8582 that your rental generated. When you sell the property, you can include the amount. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question