Carl
Level 15

Get your taxes done using TurboTax

did you mean to say "On the 2020 form 4562..."

Yes.

where/how do I recapture the passive activity loss on the property for our 2022 return?

I can't recall the details exactly. But as you're working through the property in the program, you're asked if you have any PALs on the property. Or maybe it's a checkbox you have to select to indicate that. (????) But I do know you'll be able to "bring it forward" one way or the other.

Just make sure you read the small proint on "every" "single" "screen" before you move on. Also, pay attention to the wording on each screen. There is a difference beteween "select the ONE the applies" and "select ALL that apply". So watch out for that.