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Investors & landlords
When you run Smart Check, TurboTax will present a section of Schedule E Worksheet Carryovers to 2024 Smart Worksheet, Disallowed Passive Losses by Year and Type. For some properties, the carryovers are out of sequence. For instance, 2022 is on the 2021 line. Or the 2023 number is on the 2022 line.
This issue has been under investigation, but if you're using TurboTax Desktop, you can correct this directly on the forms.
Here's more info on the Passive Loss Carryover Error.
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‎April 4, 2025
11:09 AM