Help Finding Disallowed Passive Activity Loss Operating Loss QBI for Schedule E

[jakeb1616]

The Smart Check Found that I need to Enter a Number from 2019 on Schedule E but I am not sure where to find it on my previous year's taxes.

I did my 2019 taxes with turbo tax as well.

The number / field it needs is On Schedule E

Under the section Carryovers to 2020 Smart Worksheet

In the a table with the Section labeled   Disallowed Passive Losses By Year and Type

The the row 2019 ....G Operating Loss

And the the column QBI.

I figure its somewhere on my Previous Years Taxes but I have no idea where.

[Cynthiad66]

Most likely you do not have those carryovers from the prior year.  You can run back through your rental section to answer the questions properly.  Here is how to do that.

To enter Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier: 

1. Click the Federal Taxes tab
2. Click Wages & Income
3. Scroll down to the Rental Properties and Royalties section
4. Click the blue Show More in this section
5. Click Start (or Revisit) next to Rental Properties and Royalties (Sch E)
6. Click Yes
7. Click Continue
8. Click the blue Edit button next to the rental you'd like to add info for
9. Click Continue until you reach the screen entitled Do any of these situations apply to this property?
10. Scroll to the bottom of this page and check the box next to I have passive activity real estate losses carried over from a prior year.  (see first attachment for reference)
11. Click Continue
12. You'll be able to input the carry over amounts on the next screen (see second attachment for reference)

Using your prior year return you need to identify the information from the screenshot below.  If you do not have any of these numbers then you need to go back through the interview above and answer no I do not have any losses carryforward from 2019.

@R4C

[pkl2010]

Hello,

I have the same question as the previous person, except my 2019 tax was completed & filed by a Tax firm.  I do have a pdf copy, but unable to locate the values on the Schedule E.  Any help is apprecaited