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Get your taxes done using TurboTax
There may not be a loss to carry forward. The amount on line 16 is the amount of allowed loss you had for 2020. This means that number was used on your tax return in 2020. Lines 1 and 4 are the same amount and included in line 16.
If there is anything on Worksheet 5 or Worksheet 6 on page 2, this would be the unallowed losses you could carry to your 2021 tax return. If these lines are blank, there is no passive activity loss to carry forward from your 2020 tax return.
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‎February 22, 2022
8:13 AM