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Do I need to input rental property passive loss carryover or does TT do it automatically. Using TT Premier 2020 Desktop
I'm using Premier Desktop 2020. I'm on the page titled: "Do Any of These Situations Apply to This Property?" In the sub categories under "Carryovers". There is a box that reads: "I have passive activity real estate losses carried over from a prior year". I didn't notice this before so I was assuming that my prior year TT file will automatically carry my prior year passive losses to the subsequent year. This year, I noticed this box and decided to check this box and it is asking for the carryover amounts on the subsequent screen that is directing me to locate on TY19 schedule E that I'm struggling to find the amounts. I'm seeing other threads that I need to look for it on Form 8582 instead. So where exactly can I find the three amounts that the screen is asking for from your TY19 tax return: Regular Tax Carryover, Alternative Minimum Tax Carryover, QBI Carryover? Or do I need to worry about it at all as TT will automatically import this from my TY19 TT file to TY20 return?