- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
They should automatically carry over, if they were not used and did not carry over, you can enter them manually:
To enter Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier:
- Click the Federal Taxes tab
- Click Income & Expenses
- Scroll down to the Rental Properties and Royalties section
- Click the blue Show More in this section
- Click Start (or Revisit) next to Rental Properties and Royalties (Sch E)
- Click Yes
- Click Continue
- Click the blue Edit button next to the rental you'd like to add info for
- Click Continue until you reach the screen entitled Do any of these situations apply to this property?
- 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.
- Click Continue
- You'll be able to input the carryover amounts on the next screen
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 21, 2020
12:36 PM