No, passive losses are not the same thing as depreciation. Depreciation is referred to as an expense, but it is the method by which a business owner can recover its cost in an asset used in a trade or business. Depreciation and other expenses associated with, for example, a rental property when added together and then subtracted from the rental income may result in a loss. Losses from rental activities are generally passive losses but there are exceptions. For example, if you materially participate in the rental activity, then the losses may not be considered passive. Additionally, if you meet the definition of real estate professional, rental losses would not be considered passive losses.
Because you asked about the prior year carryover passive losses, the 2020 Form 8582, line 1(c) is where you will find the prior years' unallowed losses. Line 4 combines various other amounts, such as other passive activities, and includes the amount from line 1(c).
To enter your carryover loss, from Income & Expenses (TurboTax online), enter Schedule e in the search bar. Select the jump-to link and begin to enter your rental property information. As you continue through that part of TurboTax, you will see a page where you can enter your carryover losses.
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