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Deductions & credits
Yes, if your Federal return shows a Passive Activity Loss for your Rental that you can't claim in 2023, it will be carried forward automatically in TurboTax.
This will also apply to your Wisconsin state return. If WI Schedule 1 is needed, TurboTax will prepare it for you.
Here's more info on Passive Activity Loss Limitations.
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‎April 14, 2024
11:49 AM