turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where is Turbotax getting the numbers I see on the Sched E/passive activity worksheet?

I'm using the desktop version not online. When it did the 'check for errors' it wanted me to add some entries in a worksheet but I think I messed them up some entries for prior years and I can't figure out how to fix it without starting completely over. I have all my records from TurboTax going back to 2018 but I don't know where the system is pulling the numbers from to know what to fix. In at least one year we did have QBI income for our vacation rental but most years have been losses.  worksheet sectionworksheet section

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DavidD66
Employee Tax Expert

Where is Turbotax getting the numbers I see on the Sched E/passive activity worksheet?

Form 8582 figures the amount of Passive Activity Loss (PAL) for the current year and reports the application of prior year of prior year unallowed PALs.  As a result, all unallowed PALs are listed on Form 8582.  The form shows the prior year unallowed PAL that carried forward, the allowed loss, and the unallowed loss, which carries forward to the next year on Form 8582.  The numbers you are seeing on the Schedule E worksheet should have come from Form 8582, Part VII, Allocation of Unallowed Losses.    

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question