we have a rental property for last 8 years and have passive activity loss every year, because of our income level we cannot deduct the loss, what I heard is when we sell the property we'll get payback. so that we sold the property in 2019 i wonder how to claim our suspended passive activity loss, i don't see it mentioned anywhere in turbotax.
in 2018 when I filed tax using TT, i accidentally unchecked the box for 'passive activity loss from previous year' , does it mean it won't auto calculate the PAL starting 2018? how can I get the total PAL if TT doesn't calculate it for me or lose the tracking?
If you used TurboTax last year, you can go in to 2018 and amend (Solved: How do I amend my 2018 tax return) then get the information for the Passive Loss Carryover and enter for the 2019 taxes.
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