I'm doing a projection for 2017. I understand Turbotax can't, but what partnership losses will be carried from '16 to '17. The rental losses aren't passive.

I have some partnership income allocations for businesses and several rental losses where I'm active and I'm a real estate professional (so no passive losses). I assume the rental losses can be carried forward since I have a large negative taxable income (i.e. I couldn't use the losses in 2016). I'm trying to do a projection for 2017 and don't know what losses, if any, will be carried forward to 2017.

933

Level 15

Jun 6, 2019 5:17:09 AM

Did you have an NOL in 2016? Was the amount on line 43 of the form 1040 negative ?

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I'm doing a projection for 2017. I understand Turbotax can't, but what partnership losses will be carried from '16 to '17. The rental losses aren't passive.