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2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

I've seen an older (2015) reply to this question but the reply references screens that don't match the 2017 program.  I'm assuming the prior year accumulated losses have to entered on form 8582, but when I get to that form it can't be edited.

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1 Best answer

Accepted Solutions
MinhT
Expert Alumni

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

To enter your passive loss carryover:
  • In TurboTax, open your return
  • In the Search box on the top right of your screen, enter passive loss carryover, schedule e and click on Find at the right
  • In the search result box, click on Jump to passive loss carryover, schedule e
  • The program will take you to the Income from Rentals section. Answer Yes
  • Follow the interview until to get to the screen Do any of these situations apply to this property? (see attached screenshot)
  • Put a check mark next to I have passive real estate loss carried over from a prior year and click Continue
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7 Replies
MinhT
Expert Alumni

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

To enter your passive loss carryover:
  • In TurboTax, open your return
  • In the Search box on the top right of your screen, enter passive loss carryover, schedule e and click on Find at the right
  • In the search result box, click on Jump to passive loss carryover, schedule e
  • The program will take you to the Income from Rentals section. Answer Yes
  • Follow the interview until to get to the screen Do any of these situations apply to this property? (see attached screenshot)
  • Put a check mark next to I have passive real estate loss carried over from a prior year and click Continue
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
xjmo
Level 2

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

In TT Home and Business 2021, when I come back to enter passive loss carryover, I don't see the screen "Do any of these situations apply to this property?". How to show the wizard again?

AnnetteB6
Expert Alumni

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

Use the following steps:

 

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner) 
  • This opens a box where you can type in “rental income and expenses” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to rental income and expenses
  • Click on the blue “Jump to rental income and expenses” link 
  • Answer Yes, you wish to review your rental information
  • Click Continue
  • From your Rental and Royalty Summary, click Edit beside the property with the loss carryover
  • Click Update beside the Property Profile section
  • Proceed past a couple of screens until you get to one titled, 'Do Any of These Situations Apply to This Property?'
  • Check the box at the bottom of the screen under Carryovers for passive activity losses

The next screen will ask you to enter your information.

 

@xjmo

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draiss
New Member

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

Can this be done via a 1040X since the carry forward was missing from the original 1040 and 8582 submittals?  Does it update the passive worksheets as well?

 

Thanks 

EdD

djzmom77
Expert Alumni

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

No longer works as the screen is not there in the current software

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draiss
New Member

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

I just filed an amended return which included carry forward losses from the previous year using turbo tax.

djzmom77
Expert Alumni

2017 is the first year I'm using TT so prior years carryover losses from a rental property won't automatically populate. Can anyone tell me how to enter them manually?

Wonderful!!
My issue was that the carryover amount needed to be added and the steps above did not allow me to access to enter the carryover amount.

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