topic How to enter a passive carryover if I no longer have the related passive income this year? in Investors & landlords

How to enter a passive carryover if I no longer have the related passive income this year?

ethanp82 — Sat, 01 Jun 2019 05:06:36 GMT

Hello,

I am using TurboTax and I was wondering how can I enter a passive carryover from last year (form 1116) if I no longer have the passive income this year?

I would also want to add that I do have a foreign Income and it is being reported separately (form 1116) but not as a passive income.

Thank you!

As you don't have any passive income for 2016, there is n...

rogge1722 — Sat, 01 Jun 2019 05:06:38 GMT

As you don't have any passive income for 2016, there is no foreign credit limit and therefore any carryovers of the passive type cannot be used for 2016.

Thank you!

ethanp82 — Sat, 01 Jun 2019 05:06:39 GMT

Thank you!