DianeW777
Expert Alumni

Business & farm

The carryover loss may have been removed since you deleted the rental property.  You will need that information when or if you sell the property in the future so be sure to keep the records until that time.

 

If you are using TurboTax CD/Download version you can add Form 8582 to your return to continue to keep the passive activity loss active as a carryforward so that the IRS has it on record. Also to use it against any potential passive income.

  1. Open your TurboTax return > Change to Forms > Click Open Form above the Forms in My Return section >
  2. Type 8582 in the Type a form name box > press enter > Select each page of the 8582 you need > Click Open Form
  3. Manually add the information on the appropriate lines using your 2019 form

This is not available in TurboTax Online.

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