I have a rental property. Over the past few years, I have accumulated a Passive Activity Loss (PAL) that has been deferred because of my income. I have retired and my income has reduced drastically, to the point of where I can use this years PAL but also can use some of the carryover (I am an active manager of the rental property). BUT, TurboTax assumes that I want to apply ALL of the Deferred Carryover. Is there a way to override this (looks like I can in Schedule E worksheet, but not sure if that keeps the balance in reserve) and save some of the deferred for future years or for when I dispose of the property?
