https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-carry-over-unallowed-loss-on-rental-property-inherited-from-a-trust/01/3196879#M308127 <P>I am the sole beneficiary of a trust that terminated 8/1/2023. At termination, I became owner of a rental property from the trust that had $20,000 in unallowed losses. I plan to use the trust's original CMV for my depreciation calculations, since neither I nor the trust has the money available to pay the capitol gains on a stepped up basis. I am using turbotax premier.&nbsp; Turbotax seems to calculate the depreciation correctly when I enter the trust's "date placed in service" as my own. The problem I have is I believe I should be able to also claim the $20,000 unallowed loss as a carry over, but Turbotax doesn't allow me to manually add it as a prior year carry over on my 8582. I actually have two questions. 1- How do I enter the $20,000 unallowed loss? 2. Do I or the trust need to let IRS know I choose to continue using the trust's original CMV?</P> Tue, 10 Feb 2026 11:27:51 GMT Skip14 2026-02-10T11:27:51Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-carry-over-unallowed-loss-on-rental-property-inherited-from-a-trust/01/3196879#M308127 <P>I am the sole beneficiary of a trust that terminated 8/1/2023. At termination, I became owner of a rental property from the trust that had $20,000 in unallowed losses. I plan to use the trust's original CMV for my depreciation calculations, since neither I nor the trust has the money available to pay the capitol gains on a stepped up basis. I am using turbotax premier.&nbsp; Turbotax seems to calculate the depreciation correctly when I enter the trust's "date placed in service" as my own. The problem I have is I believe I should be able to also claim the $20,000 unallowed loss as a carry over, but Turbotax doesn't allow me to manually add it as a prior year carry over on my 8582. I actually have two questions. 1- How do I enter the $20,000 unallowed loss? 2. Do I or the trust need to let IRS know I choose to continue using the trust's original CMV?</P> Tue, 10 Feb 2026 11:27:51 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-carry-over-unallowed-loss-on-rental-property-inherited-from-a-trust/01/3196879#M308127 Skip14 2026-02-10T11:27:51Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-to-carry-over-unallowed-loss-on-rental-property-inherited-from-a-trust/01/3196903#M308130 <P>In the simplest terms, the (previously suspended) passive losses are added to the basis of the property to be depreciated.</P> Sat, 17 Feb 2024 15:33:30 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-to-carry-over-unallowed-loss-on-rental-property-inherited-from-a-trust/01/3196903#M308130 Anonymous_ 2024-02-17T15:33:30Z