MarilynG1
Expert Alumni

Investors & landlords

Suspended losses will be shown and reported on the Sch E as an expense, which will produce a loss of ordinary income on the return ... it doesn't get put on the Sch D or Form 4797 where the cap gain and depreciation recapture is reported ... but they do eventually net out.

 

Here's more info on Suspended Loss Carryovers. 

 

In the TurboTax Rental Property section, you should get these screens:

 

 

 

 

 

@bigjimroz 

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