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Investors & landlords
It is always helpful to have an expert display the TurboTax steps. Thank you for that.
However, I just sold my rental in California, what happened to the losses for prior years? I've used TurboTax software since 2002 and the accumulated suspended losses used to display in CA form 3801 until the 2020 tax year. In 2020, the CA form 3801 the line item is gone: ("Part I 2020 Passive Activity Loss, 1c Prior year unallowed losses from Worksheet 1, column (c).") Where does Worksheet 1 get the information? Why did the losses not carryforward? I've used TurboTax Premier.
Thank you.
‎April 4, 2024
2:40 PM