ColeenD3
Expert Alumni

Investors & landlords

If you used TurboTax last year they should have carried over. If you did not, follow the steps below.

 

To enter Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier

  1. Click the Federal Taxes tab
  2. Click Wages & Income
  3. Scroll down to the Rental Properties and Royalties section
  4. Click the blue Edit button next to the rental
  5.  Click Continue until you reach the screen entitled Do any of these situations apply to this property?
  6. Scroll to the bottom of this page and check the box next to I have passive activity real estate losses carried over from a prior year.  (see first attachment for reference)
  7. Click Continue
  8. You'll be able to input the carry over amounts on the next screen