topic Re: passive losses in Get your taxes done using TurboTax

passive losses

kaluapoa — Sun, 08 Mar 2020 23:51:24 GMT

I have passive losses for my rental property from prior year. I tried inputting the negative numbers (that I got from Schedule E but I am unable to type any numbers in. Your help is greatly appreciated.

Re: passive losses

ThomasM125 — Mon, 09 Mar 2020 00:10:57 GMT

Are you sure you entered all the information requested in the "General Property Information" section?

Re: passive losses

DeanM15 — Mon, 09 Mar 2020 19:48:22 GMT

You can enter the passive loss carryovers in the Property Profile portion in the rental real estate section for TurboTax.

You should come to a screen that says Do Any of These Situations Apply to This Property. In the Carryover section check the box that says I have passive activity real estate losses from prior years. That will open up a screen that says Passive Losses From Prior Years with spaces to input your losses.

Re: passive losses

alleycat1 — Sun, 15 Mar 2020 01:31:37 GMT

no, this does not work. The desktop version I downloaded neither carried over my previous passive losses, which i downloaded, nor allows me to manually enter them in the above solution you provided. There is no area to populate the passive losses at the point your directions say to manually enter them.

there are previous discussions, with the same answer. One actually has the screen shot of the issue, but is ignored.

Re: passive losses

lagotto — Tue, 17 Mar 2020 11:17:25 GMT

I am having this problem too. I get to the question to enter the cary forward of a loss from previous year and the program does not allow an entry and does not automatically care over from last years saved tax form. I also have a Mac.

Re: passive losses

langlang — Sun, 29 Mar 2020 19:57:50 GMT

i'm experiencing the same issue with unable to type in the form (shown below). i didn't use turbo tax last year. this is quite frustrating.