What line number do I fine the passive loss carryover for rental property on the Schedule E?

[DianeW777]

The amount of any carryover of passive losses from your prior year tax return will be found on Form 8582, page 2, part VIII in the "Unallowed Losses' column(b).

Use this figure to enter into your current, 2022, tax return.

@DennisC1

[superduper]

I'm trying to enter my passive loss carryover for my sch e property. I know where to find the "Regular Tax Carryover", but turbotax also asking for AMT carryover and QBI Carryover. Where do I find the other two values? 

[astridwilson]

Did you ever get an answer to this?  I have the same error on 2023 taxes

[PatriciaV]

For Schedule E Rental Properties, the Passive Loss Carryover entry page is under the Property Profile. Be sure to check the box for "I have passive activity real estate losses..." on screen titled "Do any of these situations apply to this property?" You should see boxes for Regular Tax, AMT, and QBI Carryovers.

Screenshot below (click to enlarge):

@astridwilson 

[carseat1]

Thanks PatriciaV for your reply, however, this link no longer works.  Can you provide the correct one?

Also, I've used TurboTax since 2002, but in 2020 & 2021 the tax losses in CA are missing.  I've sold my rental property in CA.  I have collected all prior tax returns and noticed the discrepancies.  How do I include these missing information?  

Thank you.

[JotikaT2]

Can you clarify which link you are trying to access?  The post by PatriciaV above doesn't have actual live links.  Those are screenshots of the program to guide with the input for the prior year passive losses.

If the screenshots do not assist, please comment and let us know exactly what missing information you are trying to enter so we can assist you.

@carseat1  

[carseat1]

@JotikaT2 Hello and thanks for replying.  I'm not quite clear with following the screenshots provided by PatriciaV because I don't understand why TurboTax Premier in 2020 & 2021 did not continue to aggregate the suspended CA rental tax losses.  In speaking with a TurboTax live agent, I was informed that CA changed certain tax rules regarding rental losses due to the pandemic, yet in reading the changes CA simply limited carrying-back the suspended losses yet can continue to carry-forward.  It was suggested that I write to this community in hopes that a Ca expert (familiar with Ca taxes) will respond.  

I've been using the TurboTax software since 2000 and I've compiled the Schedule E and Ca Form 3801 since I've owned rentals.  This is how I found out that the CA portion was not carrying forward.  In preparing my 2023 returns, TurboTax Premier 2023 picked up suspended losses only from 2022.  I sold a rental property in 2024.  I plan to purchased TurboTax Premier for 2024, but until it's available I want to calculate my potential tax liability for Federal & CA.  How can I do correct the missing information that the 2020 & 2021 tax software did not include?

[JotikaT2]

If the amounts were not included, you will need to manually calculate them.  You may need to amend your 2020, 2021, and 2022 tax returns (and 2023 if you have already electronically filed) for California to ensure the carry forward amounts are reflected correctly on all returns.  If you have not filed your 2023 income tax returns yet, prepare the amended returns for 2020, 2021, and 2022 first.  That way you can enter the correct amount of the California passive activity loss carryover on your 2023 tax return when you file.  

For each prior year, be sure to check the California Schedule E worksheet to obtain the correct amount of the passive loss carryover that needs to be reflected on the tax return for the following year.

This will ensure the amount you report on your 2024 return matches the amounts reported on prior year returns and will help avoid inquiries from the taxing agencies should you dispose of the rental in 2024 and use the suspended losses.  

How do I amend my prior year return?

1. To enter this information into TurboTax, select the state tab.
2. On the screen titled "Your 2023 California taxes are ready for us to check," scroll down to the section titled Income and adjustments and select edit.
3. Select revisit to the right of Rent or Royalty Adjustment.
4. Select edit to the right of the applicable rental activity.
5. Proceed to answer the questions on the screens until you see the page titled "Any Section 179, Passive or At-Risk Loss Carryovers?".  Select yes.
6. Proceed until you see the screen titled "Enter Passive and At-Risk Loss Carryovers" and enter the overall totals from each prior year on this screen.  Be sure to prepare the returns in order so you have the correct amounts reflected on each amended return, as well as to ensure the correct amount is carried forward from your 2023 return to your 2024 return when the program becomes available.

@carseat1