VictoriaD75
Expert Alumni

Investors & landlords

If you have sold the rental property, any carryover losses should have been taken in the year of sale of the property. If you still have the property, you will want to continue to report the carryover loss on your return until you have sold the property and can utilize the carryover loss.

 

If the property was sold in a prior year, review your return from the year of the sale and ensure that the carryover losses were used to offset the gains from the sale. If this is the case and you now need to remove the carryover, you may need to delete a form from TurboTax. Follow the instructions below depending on which version of TurboTax you are using. Look for any carryover loss worksheets.

 

How to delete a form in TurboTax Desktop versions

 

How to delete a form in TurboTax Online

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