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In 2018, I will have a passive loss on my rental property. Where can I see this number? If I file with TT in 2019, will the loss be imported automatically?

 
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Coleen3
Intuit Alumni

In 2018, I will have a passive loss on my rental property. Where can I see this number? If I file with TT in 2019, will the loss be imported automatically?

Yes, TurboTax will carry your PAL from one year to the next if you continue to use the program. Your loss is reported on Form 8582. Make sure you print a copy of your Form 8582 to show your loss for future reference.

https://www.irs.gov/forms-pubs/about-form-8582

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3 Replies
Coleen3
Intuit Alumni

In 2018, I will have a passive loss on my rental property. Where can I see this number? If I file with TT in 2019, will the loss be imported automatically?

Yes, TurboTax will carry your PAL from one year to the next if you continue to use the program. Your loss is reported on Form 8582. Make sure you print a copy of your Form 8582 to show your loss for future reference.

https://www.irs.gov/forms-pubs/about-form-8582

In 2018, I will have a passive loss on my rental property. Where can I see this number? If I file with TT in 2019, will the loss be imported automatically?

Will form 8582 be included in the PDF when I download my 2018 tax return?
Coleen3
Intuit Alumni

In 2018, I will have a passive loss on my rental property. Where can I see this number? If I file with TT in 2019, will the loss be imported automatically?

Yes. I always err on the side of caution.
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