How do i carry forward loss on sale of rental property

[jed27]

is the rental property still considered capital loss even though it was used for production of rental income?

[IreneS · Accepted solution]

UPDATED FOR TAX YEAR 2019

Nothing - if you're talking about a loss incurred in 2019!

TurboTax will calculate the amount of any capital loss, including the amount you can take in 2018 as well as the carryover for the unused portion.  The maximum loss that can be applied is $3,000 and the balance is carried over to future years. This is done automatically.

If you use TurboTax for future years, your unused capital loss carryover will transfer to those returns.

If you're talking about a loss from a previous year......

If you used TurboTax last year the capital loss carryover should have transferred into the 2019 return.

You can check that it is entered, or enter it yourself, by using these steps:

1. On the Wages & Income page, in the Investment Income section, click the Start/Revisit box next to Capital Loss Carryover.  
2. If you mark Yes on the screen, Do you know your capital loss carryover amounts? you'll be taken to the screen to enter the figures, Tell us your capital loss carryover amounts from 2018.
3. If you answer No, TurboTax will let you know if they were able to transfer figures from 2017 and ask you for additional information from your 2018 return. 
   
4. On the screen,Tell us your capital loss carryover amounts from 2018, you should see the carryover from 2018.  You can make changes if necessary. 
   
5. The next screen, Capital Loss Carryover Summary, will summarize the carryover from 2018, the amount used in 2019, and the loss carried forward to 2020.
   

[Edited | 4/3/2020 |  1:18pm PDT]

[patjurczak]

The answer you provided dealt with Capital Losses, which I am NOT asking about.  I am asking about the unused portion of the loss that I had from selling rental property in 2018.  I want to use the unused loss .  I do not have rental property in 2019.  Where and how do I enter the unused portion to reduce my tax liability in 2019 ?  The loss from selling rental property is not the same as the loss from selling stocks, bonds, and other such "Capital" investment vehicles, e.g., the $3,000 annual limitation does not apply on the carry forward