Perhaps you know of a way to import Schedule E info from a non-Turbo Tax return?
One keystroke at a time. 🙂
For rental property, you'll need the following documents from the 2020 return (if they were produced by whatever program was used for the 2020 return)
- Form 4562 titled "Depreciation and Amortization Report" that prints in landscape format for that specific property.
- Form 4562 titled "Alternative Minimum Tax Depreciation Report" that also prints in landscape format for that specific property.
- IRS Form 8582-Passive Activity Loss Limitations.
Note that if you don't have the 8582 in the 2020 return, then most likely it's because you have no passive loss carry overs. That would not be common, yet it's not impossible either.
