How to verify prior years unallowed loss in form 8582?

I know turbotax track this automatically for me since I am using turbotax all the way.

And I guess it adds up all my previous loss, not the last year's only. Is that right?

Where could I find the last few years loss? Is that shown on every years' form 8582? I don't have previous years TT software to open every tax return.

Thanks

541

Expert Alumni

Apr 11, 2022 5:27:42 AM

Yes, it adds to the accumulated loss. If you need to specifically see the loss from 2020, you will need to look at your 2020 Form 8582.

Returning Member

Apr 14, 2022 2:13:11 PM

Thanks for your reply.

The amount matches to my 2020 Form 88582 when I first import it from the last year turbotax file, but later when I input my rental income, the amount increased. Are there other factors that could change the amount other than 2020 Form 8582?

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How to verify prior years unallowed loss in form 8582?