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Investors & landlords
It's possible the prior year carryovers were not transferred properly to your current return. Reviewing the following forms may explain why the carryovers aren't being applied to your passive income.
The calculation of passive loss carryovers applied to current income appears on Form 8582 Part V. You can also see this on the Schedule E Worksheet for the rental property in the Activity Summary Smart Worksheet. The worksheet is a TurboTax form (not IRS).
If you're using TurboTax Desktop, you can view these forms using Forms Mode (Ctrl+2 or Forms>>Open Form or the Forms icon).
If you're using TurboTax Online, you'll need to download a PDF (be sure to check the box for all forms and worksheets). See How do I get a PDF of my return?
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‎April 17, 2025
7:14 AM