Can I take half of a business loss on rental real estate I sold in 2016 and move it to 2017?

[gtoller]

take 1/2 the deduction for 2016 and the other half in 2017?

[gtoller]

This is a capital loss, how can I use turbo tax to carryover I/2 this loss to next year?

[MichaelL1 · Accepted solution]

The loss has to be reported in the year it took place, so it would be reported on the 2016 return.

Now if there is a capital loss it is possible to carryover a capital loss from one year to the next.