How to confirm passive loss carryovers when selling rental property?

[goducks413]

Hi there,

I've inputted a rental property that I sold in 2020 in TurboTax Premier.  I'd like to confirm that my passive loss carryovers were applied to the transaction to reduce my taxes. 

Where do I go to validate that this was applied?

Thank you!

[Mike9241]

look at schedule e page 1

[goducks413]

I don't see the sale mentioned in schedule E, page 1.

How do I know this was applied to the disposition of the asset?  I believe it should reduce my taxable gain for the asset.  In the asset entry worksheet for the property, I don't see the passive loss mentioned anywhere.

[AmeliesUncle]

It is not part of the sale or the calculation of gain/loss. 

As Mike said, it should be included in the loss on Line 22 of Schedule E.

If it is not there, go back to the introductory part of the rental section, and look for the box that says you sold it (in a Fully Taxable Transaction).

[ThomasM125]

It should show up on line 19 on Schedule E, page 1 - Supplemental Income and Loss, under Other Expenses.