Use the following steps:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “rental income and expenses” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to rental income and expenses”
- Click on the blue “Jump to rental income and expenses” link
- Answer Yes, you wish to review your rental information
- Click Continue
- From your Rental and Royalty Summary, click Edit beside the property with the loss carryover
- Click Update beside the Property Profile section
- Proceed past a couple of screens until you get to one titled, 'Do Any of These Situations Apply to This Property?'
- Check the box at the bottom of the screen under Carryovers for passive activity losses
The next screen will ask you to enter your information.
@xjmo
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