Carry losses forward - Airbnb rental while having full time job

[phuoc90duy]

I have an Airbnb unit & full time job. My unit is likely to make loss this year. Can I carry the losses forward into future tax years to deduct against future profits?

Thank you

[Critter-3]

Passive losses that cannot be used in the current tax year against ordinary income on the return will automatically be carried forward as a passive activity loss. The program figures this limitation automatically. This is nothing you can choose to do or not do it is something that must be done and the program does it properly.

[tagteam]

If there is active participation and the taxpayer's AGI does not exceed the MAGI limitation, the taxpayer may be able to take advantage of the special allowance (maximum of $25,000).

See https://www.irs.gov/publications/p527#en_US_2020_publink1000219124

[genenv]

Where in Turbo Tax forms do I  find the total carry loss available from prior years?  Does the carry loss expire from an IRS perspective? 

[Critter-3]

Form 8582 plus the worksheet for the same. 

[phuoc90duy]

Thank you for the response & advice!