You will not generate a Net Operating Loss. This could occur if you had a business or if you filed a Schedule C. Because your loss is due to rental activity, you will have a Passive Loss Carryforward.
If you had losses of less than $25,000 on rental activity and your AGI is not greater than $100,000, you will be able to take the full loss this year. Passive loss carryovers only occur in values greater than that. If a carryover loss is warranted, TurboTax will generate all of the documentation.
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