I have a rental property that was rented for the first time in 2023. The property was occupied for 60 days during 2023. I invested approximately $90k in renovations during 2023 and received $8K in rent. The property will continue to be rented during 2024.
My question is related to the amount of my loss that will carry forward to 2024 and future years. When I enter my expenses and income for that property in TurboTax I don't see any clear reference to the $80K+ loss to be carried forward to future years. TurboTax is not generating a form 8582. I am using the"premier" edition.
Any insights would be appreciated.