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3james50
New Member

Where do I enter passive loss carry overs from last year?

 
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3 Replies
ColeenD3
Expert Alumni

Where do I enter passive loss carry overs from last year?

If you used TurboTax last year they should have carried over. If you did not, follow the steps below.

 

To enter Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier

  1. Click the Federal Taxes tab
  2. Click Wages & Income
  3. Scroll down to the Rental Properties and Royalties section
  4. Click the blue Edit button next to the rental
  5.  Click Continue until you reach the screen entitled Do any of these situations apply to this property?
  6. Scroll to the bottom of this page and check the box next to I have passive activity real estate losses carried over from a prior year.  (see first attachment for reference)
  7. Click Continue
  8. You'll be able to input the carry over amounts on the next screen 

 

 

 

 

Where do I enter passive loss carry overs from last year?

I followed the instructions you gave and don't get those prompts. Which version of TT are you describing?

ThomasM125
Expert Alumni

Where do I enter passive loss carry overs from last year?

You have to visit the section in TurboTax where you enter your rental properly income and expenses. When you bring up the property you want to work on, you will see a screen that says "Review your (name of rental property) Summary" and you will see an option called "Property Profile". If you edit the property profile, you will come to a page that says "Do any of these situations apply to the property?". One of the options is "I have passive activity real estate losses carried over from a prior year", click on that option and you will see a screen where you can enter your loss carryover.

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