This is my first year filing my own taxes through TurboTax whereas before, a CPA did mine. When reporting passive losses carried over from 2022, Turbotax has a field for Shedule E Regular Tax carryover. It says "If you had Form 8582 last year, look for this info on Page 2 Worksheet 5". In my 8582 form from 2022 Page 2 Worksheet 5, I have:
Current Year Net Loss b) 1,254
Prior Year Unallowed Loss c) 4,672
Overall Loss e) 5,926
In the "Learn More", it says: "To determine if you have any passive activity losses carrying forward from the prior year, look to last year’s Form 8582, Page 2, Part 7 (VII), and identify whether there is a line item for this activity that has an amount in “Unallowed loss." Part 7 (VII) of Form 8582 shows the amount of the unallowed passive activity losses for this activity. "
So in my 2022 Form 2022 Part 7, it says my unallowed loss c) is 5,926.
So for my 2023 tax filing, should I enter 5,926 into the field that says "Sch E Regular Tax Carryovers"? Or would it be one of the other numbers from Part 5?
