@Redlands463
I was also disappointed that TurboTax did not identify the losses on my tax forms, but I've noted the amount separately, so that I can put it into the carry-over losses field when I file my taxes next year. I added up the amounts that would have been deductible had I had sufficient income to offset them, and subtracted what TurboTax actually deducted, and it will go into a file for next year. If you, like me, use the property part-time for yourself and part-time for rental, make sure you're only counting the business proportion of your expenses rather than the total. As long as you keep the receipts, you should be fine carrying it over
Btw, last year when I had a CPA do this for me, this was clearer on the forms: he listed the entire deductible amounts, rather than just the allowable portion, and put a large negative line item "[property name] adjustment" to zero it out. That adjustment became my carry-over losses this year. Wish TurboTax would do it like that, so I could see it on the form, and didn't have to do the calculations myself for next year!
It occurs to me it's at least possible for TurboTax, which has this year's information, to port the losses to next year automatically even though they don't show it in this year's form — assuming you use them again. I don't know whether they do this, but watch for it to make sure you're not double-counting the losses.
Personally, I'm going back to my accountant. That will cost more, but it's worth it. Working with TurboTax was much more frustrating and time-consuming than I expected. I'm pretty sure I spent at least 30 hours, 10 or more of which was working with their support trying to get around their program glitches rather than figuring out anything directly related to my taxes.
