The message is saying that the loss you entered for a individual previous year is greater than the total losses for all years combined.
To check your Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier:
- Click Federal Taxes > Wages & Income
- Scroll down to the Rental Properties and Royalties section
- Click the Start/Revisit box next to Rental Properties and Royalties (Sch E)
- On the Rental and Royalty Summary screen, click the blue Edit button next to the rental you'd like to review.
- Click Continue until you reach the screen entitled Do any of these situations apply to this property?
- Check the box next to I have passive activity real estate losses carried over from a prior year.
- Click Continue
- You'll be able to input the carryover amounts on the next screen.
