Is the amount on my last year's form 8582 line 4 the passive activity loss carryover amount I should apply to this year's tax return?

[mich_chan]

I'm looking for my rental's loss carryover amount. My last year's tax return only contains 1 page of Form 8582, and not the worksheets described in other posts. Is the number on line 4 of 8582 the amount I can apply to this year's tax return as the loss carryover amount?

[DanO]

Yes, this is what you would carryover, it is your passive activity loss.

You can enter this by:

• Sign into TurboTax
• Click on Take me to my return
• Click on Federal in left column
• Click on Rentals, Royalties, and Farm and click on Show more and click Start/Revisit
• Income from Rentals or Royalty Property You Own - Yes
• Edit you rental property and click on Property Profile Update button
• Go through interview and you will see Carryovers