@JotikaT2 Hello and thanks for replying. I'm not quite clear with following the screenshots provided by PatriciaV because I don't understand why TurboTax Premier in 2020 & 2021 did not continue to aggregate the suspended CA rental tax losses. In speaking with a TurboTax live agent, I was informed that CA changed certain tax rules regarding rental losses due to the pandemic, yet in reading the changes CA simply limited carrying-back the suspended losses yet can continue to carry-forward. It was suggested that I write to this community in hopes that a Ca expert (familiar with Ca taxes) will respond.
I've been using the TurboTax software since 2000 and I've compiled the Schedule E and Ca Form 3801 since I've owned rentals. This is how I found out that the CA portion was not carrying forward. In preparing my 2023 returns, TurboTax Premier 2023 picked up suspended losses only from 2022. I sold a rental property in 2024. I plan to purchased TurboTax Premier for 2024, but until it's available I want to calculate my potential tax liability for Federal & CA. How can I do correct the missing information that the 2020 & 2021 tax software did not include?
