Investors & landlords

Thank you for your response. Since the tax preparer, who made a mistake have not done my taxes since then, I do not anticipate he will be willing to do any corrections even for fee.

Can I file amendments to my returns for 2018, 2019, and 2020 with a correct cost of property instead? I understand, that I will loose on taxes for the 2014 - 2017, but it is OK.

A different question:

I realized that my rental loss for 2020 is about $20K and I actually do not have any taxable income. Could it generate a carryover NOL and if so, how would I claim it using Turbotax

Thank you