- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I agree that Turbo Tax isn't automatically carrying forward rental losses. I always assumed it was but now that I'm learning what to look for I do not see anything on the worksheets or form mentioned above.
One of my properties has shown a lost every year I've owned it. (less each year, this year's loss is the smallest ever at around $900) Previously several thousand for about 15 years. So I figure I should be seeing something in the neighborhood of $20 to $40k on this property. I see nothing mentioning the address or any such large loss carry over in the forms or under "Loss Carryforward worksheet" in search through my forms.
The largest losses are from long ago, much longer than I can revise tax returns for.
What can I do to capture these losses?