If I try to post a negative number (-8318) into Rental real estate - Box 2, it is not recognized. It displays as a negative number but on the comparison page with 2023, 2023 shows a loss and 2024 shows 0 - not the negative amount. When I went through the process again and took out the negative sign, everything worked as assumed and the comparison showed a positive (8318) number. I've tried the negative symbol on the keyboard and my key pad with no luck. The answers to the questions throughout the K-1 process have not changed since last year. Can you point me in a direction? FYI, this did happen has year as well. I see the suggested reference material in emails from TurboTax but they do not offer a solution. Appreciate your help.
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Losses on rental real estate are often considered 'passive' losses and therefore are not necessarily directly deducted on your tax return unless you have other passive income. The -0- you see on screen may be representing the fact that the loss is not being deducted in the current year, but instead it is being carried over. It does not have to mean that the negative number was not accepted as input to your return.
Take a look at your return to see if the negative number has been reported on Form 8582 as a passive activity loss.
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