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Investors & landlords
You have to visit the section in TurboTax where you enter your rental properly income and expenses. When you bring up the property you want to work on, you will see a screen that says "Review your (name of rental property) Summary" and you will see an option called "Property Profile". If you edit the property profile, you will come to a page that says "Do any of these situations apply to the property?". One of the options is "I have passive activity real estate losses carried over from a prior year", click on that option and you will see a screen where you can enter your loss carryover.
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March 9, 2020
12:31 PM
917 Views