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catcher57
New Member

Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

I do not see Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers line items on Schedule E?  TurboTax is asking me to enter these amounts from Schedule E.
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6 Replies
JamesG1
Expert Alumni

Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

You may enter these carryovers from the prior year's tax return by following these steps.

  • After the asset is recreated, click Edit to the right of the asset at the screen Rental and Royalty Summary.
  • Click Update under Property profile and Continue through several screens.
  • At the screen Do any of these situations apply to this property, scroll down to Carryovers and click on I have passive activity real estate losses carried over from a prior year.
  • At the next screen, the losses are entered as negative numbers.

IRS Form 8582 is used by taxpayers to figure the amount of any passive activity loss (PAL) for the current tax year and to report the application of prior year unallowed PALs.

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Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

What line # on this federal form would be the “Regular Tax”? And “QBI Carry overs from prior years” 

 

if doing the interview, it asks if there were any passive losses, and there were, does that mean just for that year? Why doesn’t this section auto populate based on entries ? What happens if that section was clicked no in prior years? 

 

thank you 

DianeW777
Expert Alumni

Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

There are certain items that you are required to enter each year.  TurboTax can't know for sure if your return has been changed or amended. You should check carryovers/carry forwards each year to be sure they are included in the current year tax return.  Always be sure to enter any carryover losses from the prior year.

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paul2245
New Member

Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

It says regular tax carryover in Sch E or QBI carryover in Sch E! 

I can figure out where the regular tax carryover is but where is the QBI carryover in Sch E!

ANSWER THE QUESTION CLEARLY PLEASE. WHERE IS IT!

Are we supposed to put both numbers? Or just one box filled. Remember we are using TurboTax because we are not experts on thus!

Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

Did you ever figure it out? Cause I am confused too.

AmyC
Expert Alumni

Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

Form 8582 Part VII shows your sch E and QBI carryover loss in last year's return, this includes regular and AMT. The section has the name of the activity and form so you should be able to see if anything is listed there. If the section is blank, you have no carryforward of those losses.

 

@paul2245   @imthenachoman 

 

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