Missed Passive Loss from rental property for the year 2019, since I had an agent doing taxes until 2019 and I switched to Turbo tax in 2020. How to include that now?

[vikas-yadav]

2019 was the first year I rented the rental property that I own. For year 2019 I had an agent doing taxes and he calculated the rental loss. I switched to Turbo tax in 2020.  I didn't know about adding prior year losses. For this year 2021, I noticed Turbo Tax brought the losses from 2020, thats how I learnt that prior year losses are needed to be on the form. How I can add the losses for year 2019 now?

[PattiF]

You will be able to add the Passive Activity Losses in the Forms mode in TurboTax Desktop. 

1. Search in forms for Schedule E Wks for the rental property

2. Scroll down the worksheet until you get to Carryovers to the 2021 Smart Worksheet. Enter your passive activity losses on line G, Schedule E Suspended Loss. Be sure to enter the passive activity loss as a negative amount.

3. Click on "Step-by-Step" in the upper right-hand corner to return to the program.

[Critter-3]

@PattiF 

Nice answer but the user is posting from the ONLINE version.

@vikas-yadav 

You should amend the 2020 return to add the passive loss carryforward and then you will have the correct amount to carryforward to the 2021 return. 

• How to amend (change or correct) a return you've already filed

And where to add the carryover losses ... in the Rental section interview look for this screen :