Recapture Previously Unallowed Losses on Rental Property

[therunt]

I cannot determine where/how to input the unallowed losses on a property from when it was rented several years ago. From what I have read those losses never go away, they just roll forward until sale of the property. I cannot determine where to enter such information in Turbo Tax Premier.

[MinhT1]

To enter your passive loss carryover:

1. In TurboTax, open your return
2. In the Search box on the top right of your screen, enter passive loss carryover, schedule e and click on Find at the right
3. In the search result box, click on Jump to passive loss carryover, schedule e
4. The program will take you to the Income from Rentals section. Answer Yes
5. Follow the interview until to get to the screen Do any of these situations apply to this property?
6. Put a check mark next to I have passive real estate loss carried over from a prior year and click Continue

[Anonymous_]

---

@MinhT1 wrote:

1. In the Search box on the top right of your screen, enter passive loss carryover, schedule e and click on Find at the right
2. In the search result box, click on Jump to passive loss carryover, schedule e

---

@MinhT1 I am not sure which version of TurboTax you are using, but in Home & Business I do not get the "Jump to..." link after entering that search phrase. I suspect something must have happened in a recent upgrade or, alternatively, it only functions properly in the online versions.

[MinhT1]

@Anonymous_ I have tested and the search phrase worked on both the Online and CD/Download versions. You need to enter passive loss, schedule e (do not forget the comma).

[Anonymous_]

@MinhT1 I have tried all types of combinations and permutations and still no "Jump to" link.

[DawnC]

You have to search passive loss carryover, schedule e - exactly like that.   It took me a few tries to get it to work, but it eventually did.   

[MinhT1]

@Anonymous_ Sorry I left out the word carryover.

Please try passive loss carryover, schedule e

[Anonymous_]

@DawnC  It worked - once! The program (at least Home & Business) is quirky; I was able to get to the "Jump to" link only after I restarted the program. However, on the next restart, I did not get the link.

There is either a programming or some kine of server error, at least for me and in this particular instance. The recent test I ran with the online version of Premier worked fine, though.

[Carl]

For starters, the responses you have already received are making the assumption that you reported rental income/expenses on SCH E on your 2019 tax return. I suspect those assumptions are flat out wrong. So please confirm one way or the other - did you *in fact* report rental income/expenses for the property you sold in 2019, on SCH E as a part of your 2019 tax return? (I suspect you did not, as you probably converted the property back to personal use on an earlier year's tax return.)