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Prior Year Passive Loss Carryover For Sch E Property

I'm trying to enter my passive loss carryover for my sch e property. I know where to find the "Regular Tax Carryover", but turbotax also asking for AMT carryover and QBI Carryover. Where do I find the other two values? 

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3 Replies
PatriciaV
Employee Tax Expert

Prior Year Passive Loss Carryover For Sch E Property

All carryovers from last year are shown on the Schedule E Worksheet (a TurboTax worksheet, not an IRS form). The tables begin about half-way down, after the Schedule A Smart Worksheet section.

 

If you didn't print all worksheets last year, see this article: How do I view, download, or print a prior-year return?

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Prior Year Passive Loss Carryover For Sch E Property

My last year tax return was done via a tax preparer, so i only have the forms given to the IRS. Is there anywhere I can find those basis for the Sch E? 

PatriciaV
Employee Tax Expert

Prior Year Passive Loss Carryover For Sch E Property

Your carryover amount is shown on Form 8582, Part V, "Unallowed Loss" on your prior year tax return. The alternative minimum carryovers may be the same if your assets are using the 27.5 year depreciation method (most common). Look for a similar Form 8562 with "Alt Min Tax" under the main title.

 

If you have a QBI loss carryforward, it would be reported on Form 8995-A as a supplemental page "Loss Netting and Carryforward."

 

The lack of these forms would suggest you don't have carryforwards. However, you should contact the tax preparer who completed your return last year to confirm this before you file this year. Be sure to keep any additional worksheets they provide.

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