HopeS
Expert Alumni

Get your taxes done using TurboTax

It depends on what generated the passive loss carryover. Assuming it was rental income and you are using the TurboTax Home & Business software, you can add or verify your passive activity loss carryover by following these steps:

 

  1. Click on the "Business" tab at the top of the screen and select Continue
  2. Click "I'll choose what I work on" 
  3. Select Update next to Rental Properties and Royalties and then select Yes
  4. Answer the questions and select Continue. Then select Edit next to your rental property 
  5. Select Update next to Property Profile. Continue through the screens until you get to the section "Do Any of These Situations Apply to This Property?" 
  6. Click on the option "I have passive activity real estate losses carried over from a prior year" See screenshot below.

 


 

Please review your 2021 return and K-1 to see if the passive activity was rental income. If it was not, please post another question.

 

@KXopherS 

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