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New Member
posted Mar 19, 2025 4:46:06 PM

2023 Passive Activity Loss

Purchased a SFR in 2015 and rented it to a tenant who passed away late 2023.  We decided to sell the property, sold it in 2024 and it was not rented at all in 2024.  I entered the sale of the property in Sale of Business Property, using information from our 2023 return, namely Sales Proceeds, Basis, depreciation.   No problem there.

 

Passive Activity Loss carryover from our 2023 return- how/where do I enter those into Turbo Tax 2024 for this property?  

 

 

Thanks.

0 2 3225
2 Replies
Level 15
Mar 19, 2025 5:32:25 PM

if you used Turbotax in 2023 and then transferred 2023 data when starting 2024 it should already be in your return as part of the Schedule E rental worksheet

New Member
Mar 19, 2025 6:10:40 PM

I did use TT 2023.  Because I had 0 (zero) rental days in 2024 and no other rental properties, Schedule E was deleted from my return this year by TT 2024.