We sold a rental property last year, triggering depreciation recapture. Suspended passive losses equal the depreciation amount. How do we apply the losses to offset gain?

[marty36]

The rental sale price and basis are roughly equal. Where in Turbotax, or in which form(s) do we apply the previous years' suspended losses against the gain from depreciation recapture. Note, this only applies to the sale, not to offsetting rental income.

[JamesG1]

In TurboTax Premium Online, review or enter the carryover losses within the rental activity, at the screen Here's rental property info.  

Select the pencil to the right of Carryovers, limitations, at risk info, etc.

[Mike9241]

unless you aggrgated propeties. The sale of the rental in a fully taxable transaction should automatically release the suspended losses.