Hello, i am trying to understand the right way to file rental property losses and apply in a future year. Here is a situation. Lets assume
Year1: Rental net = -26000
Year2: Rental net = -5000
Year3: Rental gain = 10000
1) If i am filing in year one and my AGI is over the limit, do i manually carry over the losses, or do i file the losses
ie, do i enter 0 in year 1 and 2 for rental income and file $10k loss myself in Year 3
2) If i file the losses in turbotax, does turbotax automatically carry it forward
3) Does turbotax manually apply these (whatever it can apply) carryover loss in year 3
4) When sold, do i need to manually go estimate the losses myself or does turbotax actually know how to do this
