Passive loss carryovers are not reported on the Schedule E. They are reported on the federal Form 8582 and on the California Form 3801.
To enter the information, do the following if you have 2017 passive loss carryovers for California:
- You should make sure that such amounts are entered in the TurboTax/California (TT/Calif) activity.
- Go to that activity (rental, k-1, etc.) and Edit it.
- You will be asked if you have any carryovers associated with that activity. Select Yes and you will then have the opportunity to enter them.
The amounts are usually transferred in from your prior year TT/Calif return, but you must enter them if using TurboTax for the first time.
The above instructions were contributed by TurboTaxTerry with modifications.
