I had a loss on a rental property in 2018 of $15,526. Turbotax Home and Business says that $8,322 of that loss was allowed and $7,204 was unallowed. I filed as married and total income was between 100-150k so I understand that not all of the real estate loss is deductible against earned income.
My question is the non-deductible loss should carry forward but I don't see where Turbotax carries it forward. It is not on form 4562 or anywhere else in the PDF of my printed return.
Should my 2018 return have stated that I am carrying over a passive activity loss into 2019 or is the 2018 form 8582 stating that I had an unallowed loss all that is required to carry the loss forward into 2019?
When I file my 2019 return will Turbotax know that I had a passive activity loss that should be carried over?
Thank you.
