Someone else did our taxes last year. This year we're trying to do it ourselves.
I'm at this screen where TurboTax is asking for this information:
- Sch E - Regular Tax Carryovers
- Sch E - Alt Min Tax Carryovers
- Sch E - QBI Carryovers
But I cannot figure out where to get this information.
The help says "Page 2 Worksheet 5" of 8582, but there is no "Worksheet 5" on "Page 2".
The "Learn more" link says:
| To determine if you have any passive activity losses carrying forward from the prior year, look to last year’s Form 8582, Page 2, Part 7 (VII), and identify whether there is a line item for this activity that has an amount in “Unallowed loss." Part 7 (VII) of Form 8582 shows the amount of the unallowed passive activity losses for this activity. We’ll factor these losses into your current year's return to determine whether you can deduct these losses this year or need to carry them forward. |
I see the line item for this activity and I see a value under "Unallowed loss" but I cannot figure out which of these 3 boxes to put that value in:
- Sch E - Regular Tax Carryovers
- Sch E - Alt Min Tax Carryovers
- Sch E - QBI Carryovers
Please help me with exactly where I need to get the value for these three boxes? I cannot figure it out.
