I assume the ERAP is taxable income unless the income is specifically excluded from taxable income by the IRS. What is the name of the program? Please clarify.
Does your Federal 1040 tax return contain IRS form 8582? The prior years unallowed losses should be listed under Part I line 1c. Perhaps the loss carried forward but you still did not qualify to take the loss.
To view this tax form, go to Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
Are you in the same TurboTax account as last year? Is the carryover in your tax return? View Federal / Income & Expenses / Rental Properties and Royalties / Carryovers, limitation, at risk info, etc to see if the carryover amount is there.
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