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I have passive loss (from rental property) in 2017 that needs to carryover. Does it auto impute into 2018 to each property? Or do I need to manually add?

 
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2 Replies

I have passive loss (from rental property) in 2017 that needs to carryover. Does it auto impute into 2018 to each property? Or do I need to manually add?

I believe that is the behavior to be expected but when you proceed through the rental section of the program, you should check the box that reads, "I have passive activity real estate losses carried over from a prior year".

Carl
Level 15

I have passive loss (from rental property) in 2017 that needs to carryover. Does it auto impute into 2018 to each property? Or do I need to manually add?

Your carry over losses not allowed in the current tax year are on form 8582. So if it's not automatically carried over for you, then you can get it from the 8582 included with last year's return.

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