Suppose this year I have passive real-estate income from several properties, but incur a net loss due to a large repair outlay on one of those properties. This shows up on Form 8582 p2 Part VIII in the "Unallowed Loss" column. I understand that for passive losses you cannot deduct more than your passive income.
Question 1: Suppose next year I have a positive net passive income, will that unallowed loss be applied against next year's income?
Question 2: Will TurboTax do this automatically next year if I import this year's tax return?
Question 3: Is there any indication of this being carried over on THIS YEAR's tax return?
