Investors & landlords
That is a passive loss carryover. It may have come from a loss in a year before last year that's been carried over until it could be used.
Probably what happened is that in a previous year you had a loss and indicated that you didn't have sufficient money "at risk" in the business to allow you to deduct the loss in that year. So it gets carried to the next year when you either have income to absorb it, or you become at risk for the money you have invested in the business.
If you don't want to deduct the loss, you can go back through the entries for that business (or a rental property), and when you see the at risk option, indicate that you are not at risk and the loss will not be allowed this year.
