I’m understanding your first question. The prior year capital loss carryover would be included in the calculation of your adjusted gross income.
The carryover will first offset capital gains. Up to $3,000 of the remaining amount ($1,500 if married filing jointly) can be subtracted against other income.
Since a capital loss carryover is probably being applied against the capital gain from your rental, you’d have to look at Schedule D to figure it out.
You can ask for a penalty waiver. If you do not include any penalty and the IRS denies your request then you would pay interest on the unpaid penalty.
You can file with the penalty and ask for a first time penalty abate by filing Form 843, Claim for Refund and Request for Abatement.
Learn more at Penalty Relief due to First Time Abate or Other Administrative Waiver.
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