Enter your rental activity as though it was rented all year. Select the box for "I have passive activity real estate losses carried over from a prior year". (see the image attached)
If you still own the land and it will be rented in the future, and you have not sold or disposed of it, then it is still an ongoing business concern with or without income. You may be allowed some or all of the loss in 2016.
- To begin in
TurboTax (online or desktop:(
- Use the search box, upper right
- Search for rentals
-
Jump to rentals (see image attached)
- Follow the prompts to the Rental Summary > Edit next to this activity
- Continue to the "Situations" page.
