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How do I record a passive loss carry-over for a past rental which is now our primary residence

I am a first time Turbotax uses (2016 Taxes) and I previously used a CPA.  I have a passive loss carry-over and accumulated depreciation for a past rental (2010-2014) that became our personal residence in 2014.  Turbotax makes it easy to enter the carryover and accumulated depreciation for my current active rental, but when I set up another rental and indicate it is not currently being rented, it doesn't allow me to go forward.  Is there a way to enter this information (passive loss carry-over for a past rental, now out of service) so it does not get lost?
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1 Reply
PatriciaV
Employee Tax Expert

How do I record a passive loss carry-over for a past rental which is now our primary residence

Unfortunately, the property must be rented during the year in order to be included under Rental Properties. 

You will need to retain the information on the Carryover Loss and Accumulated Depreciation in your tax workpapers until the property is either converted back to a rental or sold.

We recommend backing up a PDF copy of all your tax returns (including worksheets) on a flashdrive or CD for permanent storage.

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