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If in regards to Rental Property, Passive Loss Carryovers for Rental Activities are not reported on Schedule E. You will find the carryover for prior years on Form 8582, Part VII, column c. If you have always made a profit, this number may be zero.
You can also see this carryover on the Schedule E Worksheet for your rental property. Look for "Carryovers to 2024 Smart Worksheet" (for a tax year 2024 return) after the QBI section under Line 22. The suspended loss is reported on Line G of this table.
While TurboTax normally transfers carryovers from last year to your current return, it's possible this function wasn't successful for you this year. But the forms should give you the entry you need.
After completing all my turbotax entries, in the Review portion, I get this error:
"Schedule E Worksheet (name of rental property here): Passive Operating Loss must be entered.
Passive Operating Loss: __________"
In your response, you state
"Carryovers to 2024 Smart Worksheet" (for a tax year 2024 return) after the QBI section under Line 22. The suspended loss is reported on Line G of this table."
In my 2024 form at the location you state, all rows are "0" except these 2:
I had small losses the past few years, expect for 2023 when there was a small profit. I have my carryover loss number (from 2023 form 8582 part VII column c), I just want to make sure that number is what I should enter to correct the "error".
Hope that explains, please reply if I am supposed to enter the value from 2023 form 8582 part VII column c.
The amount reported on Form 8582 pg2 Part VII column (c) is the total unallowed loss for this activity. If the missing information is asking for a total and not a particular year, you can use the number from Form 8582 to answer this question.
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