Rental Property Carryovers passive vs at-risk

[Jim_dzg5zg]

In documenting carryover losses within Turbotax, it seems I run into double-counting issues. Can you help?

I have a rental property which generates Passive Activity Losses (PALs). My losses are disallowed due to AGI restrictions; the investments are "at-risk" to my understanding. Under Carryovers, I originally ticked both boxes (cf. below) that I have a PAL and at-risk losses.

It seems like Turbotax is double-counting my past losses: It automatically creates a Section 465d carryover expense (which increases the current tax year's loss) and also counts the previous years' loss within form 8582 in addition to the current year's losses.  In other posts, it now appears that I should not elect at-risk loss carryovers if my losses do not offset my taxable basis.

How do I best deal with this situation to correct the Form 8582? I have unchecked the box for at-risk carryover losses, but it continues to double count on the Form 8582.  

Thank you very much!

[Mike9241]

passive and at-risk losses are different.

if you are at-risk there are no at-risk carryovers. this could reult in you deducting more than your actual losses if and when you dispose of the property i a taxable transaction.