Will turbo tax keep track of rental property losses, and automatically include them in the analysis for the following year return?

bg1124 — Thu, 06 Jun 2019 14:24:44 GMT

will turbo tax keep track of rental property losses, and automatically include them in the analysis for the following year return?

Yes, if you use TurboTax next year, any Passive Loss Carr...

PatriciaV — Thu, 06 Jun 2019 14:24:46 GMT

Yes, if you use TurboTax next year, any Passive Loss Carryovers from Rental activities will be carried forward to your return.

Your Passive Loss Carryovers appear on Schedule E Wks on the final page: Carryforward to 20XX Smart Worksheet (see screenshot #1 below - click to enlarge). This is a TurboTax supplemental schedule and not an IRS form.

Be sure you download a complete copy of your current tax return (including all forms, schedules, and worksheets) and store in a safe place.

topic Will turbo tax keep track of rental property losses, and automatically include them in the analysis for the following year return? in Investors & landlords

Will turbo tax keep track of rental property losses, and automatically include them in the analysis for the following year return?

Yes, if you use TurboTax next year, any Passive Loss Carr...