Sold rental, TT says: delete rental bc I didn't rent house in 2017, but retain passive loss info. Where do I put passive loss info in TT when I'm doing "sale of home"?

kittyobradovich · ‎June 6, 2019

TaxGuyBill · ‎June 6, 2019

Yeah, TurboTax doesn't handle it well.

The easiest work-around is to say it WAS rented (you may need to say it was rented for 15 days), and that it was sold. It will have a spot asking for your passive loss carryover. Just don't enter any income, expenses, or assets/depreciation.

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TaxGuyBill · ‎June 6, 2019

Yeah, TurboTax doesn't handle it well.

The easiest work-around is to say it WAS rented (you may need to say it was rented for 15 days), and that it was sold. It will have a spot asking for your passive loss carryover. Just don't enter any income, expenses, or assets/depreciation.

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Sold rental, TT says: delete rental bc I didn't rent house in 2017, but retain passive loss info. Where do I put passive loss info in TT when I'm doing "sale of home"?