PatriciaV
Expert Alumni

Investors & landlords

Yes, TurboTax tracks your passive losses year-to-year, as long as you prepare your returns with TurboTax. 

 

The PAL carryovers are reported on the Schedule E Worksheet for your rental properties, after the QBI section. This is a TurboTax worksheet, not an IRS form.

 

Form 8582 Passive Activity Loss Limitations is included with your filed tax return each year and shows how your carryover losses are applied.

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