A passive loss carryover that is derived from the operations of the activity should be entered into the box labeled Ordinary Income with a minus (-) to indicate loss. Results will be dependent on the percentage of ownership, whether it's a partnership and if so where it is a publicly traded partnership (PTP), whether it is a rental real estate activity, or whether it is an S-Corporation.
If the loss is due to a sale of capital assets then continue to the next screen to enter the loss carryover there. As indicated above, your worksheets from the prior return will provide the details of the loss carryover (Form 8582 with worksheets).
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