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Level 2
posted Mar 11, 2021 5:49:53 AM

What form/sheet/cells from previous years tax return inform Passive Loss Carryovers on TurboTax?

Hi, 

 

See attached screen shot.  I did not file my taxes on Turbo Tax last year (2019), but have passive loss carryovers reported on my 2019 return from a K1 - I need to carry these over to my 2020 return. I'm trying to figure out which forms and cells on the previous years tax return populate "Box 1 Ordinary Income" and "Box 2a Ordinary Income" on the passive loss carryovers page of Turbo Tax.  Any help would be greatly appreciated.  

0 4 1126
4 Replies
Level 15
Mar 11, 2021 5:58:41 AM

IRS Form 8582. If you don't have that in your 2019 taxes, then you didn't have any suspended losses to carry over.

 

Level 2
Mar 11, 2021 6:11:28 AM

I have form 8582 with carryovers, what specific cells should I bring over to populate "Box 1ordinary income" and "Box 2a - ordinary income"? @Carl 

Level 15
Mar 11, 2021 6:18:24 AM

Line 7

 

Level 2
Mar 11, 2021 6:29:04 AM

@Carl Line 7 is modified gross income, there is nothing listed there.  

 

It must be somewhere in section 3 that highlights passive losses - this is driven by worksheets 1-6