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Vacation Home Rental Loss Limitation Carryforward
This is my first year with a Vacation Home Rental on Schedule E. I see on a worksheet for Sch E that TurboTax is limiting my depreciation due to the Vacation Home Rental Loss Limitation. I'm wondering where I can see the loss limitation carryforward. In IRS Pub 527, there is a worksheet 5-1 that shows how to calculate the carryforward, but I'm not seeing the carryforward in TurboTax. I just want to make sure that it's tracked going into next year. Thanks!
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‎February 7, 2024
7:27 AM