turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

goodluck
New Member

How do I deduct rental property income with last year’s losses carry forward? Why doesn’t TurboTax deduct rental property income with last year’s losses carry forward?

I had rental property loss last year. This year I have a positive income, but I don’t see the income being reduced by last year’s rental loss carry forward. How can I get rental loss carry forward to offset my rental income this year?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Expert Alumni

How do I deduct rental property income with last year’s losses carry forward? Why doesn’t TurboTax deduct rental property income with last year’s losses carry forward?

Select UPDATE for the Rental Properties and Royalties section

Select YES to review

Select EDIT for the property on the list

Select UPDATE (or START) for the Property Profile

Continue through this interview until you get to the screen asking about CARRYOVERS on the "Do Any of These Situations Apply to This Property?" screen.

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question