Real estate NOLs

Are NOLs ( that is net operating loss carryovers) automatically computed and saved by turbotax

posted

Typically, losses from real estate rentals are passive losses and carried forward by the program.

If you did have an NOL from real estate, it is likely due to the sale of rental (business) property. In that event, TurboTax does not calculate the NOL nor does it carry over an NOL.

I'm a real estate agent and I'll claim real estate professional (REP). Should I fill two seperate schedule C for both or should I fill a schedule C for agent and a schedule E for REP?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Real estate NOLs

Real estate NOLs

Get more help

Do you have a TurboTax Online account?

Real estate NOLs

Do you have an Intuit account?

Real estate NOLs

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert