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Investors & landlords
There is a place to enter prior passive loss carryovers.
- Go to federal>wages and income>rental properties and royalties>rental properties and royalties (Sch E)>start
- First screen should say is this a rental property or royalty>rental property
- After you enter the information it will ask what type of a rental is it
- After you answer the question, you will arrive at a screen that asks, do any of these situations apply to this property?
- At the bottom of the screen is where you will state you had passive real estate losses from a previous year. the next screen will allow you to enter that information.
- If you already have this listed as a rental, you will need to go into property profile to get to that page where you enter the passive loss information as described above.
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March 11, 2020
8:03 PM