On federal review I am getting an error where I have to enter an Operating Loss for 2020 on my vacation rental property. There is NO entry. There is however an entry for 2018, 2019 & 2021; however, I did not own the rental property in 2018. It was purchased in a 1031 exchange in 2019. In 2018, I sold the 1031 exchange property. SO, my question is: Is there a cliche in the 2022 software or should there be a loss listed in 2018 and IF so why is 2020 blank? This makes me wonder if 2018 and 2019 carried over in correctly??
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You have an atypical scenario.
Passive losses usually carry over from year to year in TurboTax but you may very well be correct in that it did not carry over to those earlier tax years.
You have an atypical scenario.
Passive losses usually carry over from year to year in TurboTax but you may very well be correct in that it did not carry over to those earlier tax years.
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