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Yes, this loss when used will only be considered on the state return where you live when you sell it or have income to utilize the loss on future returns. The capital loss carry forward can be entered following the steps in the link below.

• How do I enter my capital loss carryover?

Entering the passive activity loss carry forward for your rental activity should be completed as follows:

1. Click the Federal Taxes tab
2. Click Wages & Income
3. Scroll down to the Rental Properties and Royalties section
4. Click the blue Show More in this section
5. Click Start (or Revisit) next to Rental Properties and Royalties (Sch E)
6. Click Yes
7. Click Continue
8. Click the blue Edit button next to the rental you'd like to add info for
9. Click Continue until you reach the screen entitled Do any of these situations apply to this property?
10. Scroll to the bottom of this page and check the box next to I have passive activity real estate losses carried over from a prior year.  (see image below)
11. Click Continue