topic 2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually? in Get your taxes done using TurboTax

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

rsomers205 — Tue, 04 Jun 2019 18:53:30 GMT

I've seen an older (2015) reply to this question but the reply references screens that don't match the 2017 program. I'm assuming the prior year accumulated losses have to entered on form 8582, but when I get to that form it can't be edited.

To enter your passive loss carryover: In TurboTax, open...

MinhT — Tue, 04 Jun 2019 18:53:31 GMT

To enter your passive loss carryover:

In TurboTax, open your return
In the Search box on the top right of your screen, enter passive loss carryover, schedule e and click on Find at the right
In the search result box, click on Jump to passive loss carryover, schedule e
The program will take you to the Income from Rentals section. Answer Yes
Follow the interview until to get to the screen Do any of these situations apply to this property? (see attached screenshot)
Put a check mark next to I have passive real estate loss carried over from a prior year and click Continue

Re: To enter your passive loss carryover: In TurboTax, open...

xjmo — Sun, 03 Apr 2022 00:29:48 GMT

In TT Home and Business 2021, when I come back to enter passive loss carryover, I don't see the screen "Do any of these situations apply to this property?". How to show the wizard again?

Re: To enter your passive loss carryover: In TurboTax, open...

AnnetteB6 — Mon, 04 Apr 2022 16:32:32 GMT

Use the following steps:

On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “rental income and expenses” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to rental income and expenses”
Click on the blue “Jump to rental income and expenses” link
Answer Yes, you wish to review your rental information
Click Continue
From your Rental and Royalty Summary, click Edit beside the property with the loss carryover
Click Update beside the Property Profile section
Proceed past a couple of screens until you get to one titled, 'Do Any of These Situations Apply to This Property?'
Check the box at the bottom of the screen under Carryovers for passive activity losses

The next screen will ask you to enter your information.

@xjmo

Re: To enter your passive loss carryover: In TurboTax, open...

draiss — Thu, 01 Sep 2022 19:14:24 GMT

Can this be done via a 1040X since the carry forward was missing from the original 1040 and 8582 submittals? Does it update the passive worksheets as well?

Thanks

EdD

Re: To enter your passive loss carryover: In TurboTax, open...

djzmom77 — Thu, 13 Oct 2022 20:51:08 GMT

No longer works as the screen is not there in the current software

Re: To enter your passive loss carryover: In TurboTax, open...

draiss — Fri, 14 Oct 2022 22:26:12 GMT

I just filed an amended return which included carry forward losses from the previous year using turbo tax.

Re: To enter your passive loss carryover: In TurboTax, open...

djzmom77 — Sun, 16 Oct 2022 02:35:13 GMT

Wonderful!!
My issue was that the carryover amount needed to be added and the steps above did not allow me to access to enter the carryover amount.