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Investors & landlords
When you enter the rental into Turbo Tax:
- Look for the screen that says, Do Any of These Situations Apply to This Property? at the top. It is in the Property Profile section.
- Scroll to the bottom of the list and find Carryovers.
- Check the box next to I have passive activity real estate losses carried over from a prior year.
- Click Continue and enter your carryover amounts.
You can use the losses in a year when you have passive income, or in the year that you dispose of the property.
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‎February 5, 2020
5:02 PM