Does turbotax carry over a loss from a sale of a rental home from 2015 taxes? when i did 2015 taxes it said I had a carryover loss, but I do not know if applied to 2016.

scheller65 — Thu, 06 Jun 2019 10:17:55 GMT

I have schedule E and form 4797 from 2015 taxes, but not sure if it carries the appropriate info from 2015 to 2016.

Yes it does as long as you transfer information from year...

MichaelL1 — Thu, 06 Jun 2019 10:17:57 GMT

Yes it does as long as you transfer information from year to year in TurboTax, when you start the new tax year. If the depreciation was there, you did transfer in from the prior year.

I actually had a rental loss myself in 2015 that was not allowed and it was correctly carried over to 2016.

Prior to filing your tax return, after you pay, save a pdf copy of your return with all worksheets and look at the worksheet titled, Schedule E worksheet (name of rental property) as it will show up here. If not, do not file until you get this figured out.

topic Does turbotax carry over a loss from a sale of a rental home from 2015 taxes? when i did 2015 taxes it said I had a carryover loss, but I do not know if applied to 2016. in Investors & landlords

Does turbotax carry over a loss from a sale of a rental home from 2015 taxes? when i did 2015 taxes it said I had a carryover loss, but I do not know if applied to 2016.

Yes it does as long as you transfer information from year...