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Get your taxes done using TurboTax
If you are referring to the check box that appears in the Property Profile section for your rental properties, it really does not matter if you are a year-to-year TurboTax user whether you check the box or not. The losses will be automatically carried over.
If you are a year-to-year TurboTax user and you do check the box, then you will be able to review your carryover amounts on a subsequent screen.
If you did not transfer your prior year return from TurboTax and you have losses to carryover, checking the box will allow you to enter those losses on a subsequent screen.
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March 24, 2024
12:07 PM