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Investors & landlords
Yes, you should confirm the amount of carryovers on your return each year to be certain the information transferred properly from your prior year return.
TurboTax will match your passive loss carryovers with your passive income each year until all carryovers are used up.
Read more about this here: IRS Tax Topic 425 - Passive Activities - Losses and Credits
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‎April 16, 2023
10:49 AM