How do I modify the passive loss carryover for rental property?

[banerjee_raja]

I had made a  mistake ( incorrect personal use) in my 2016 return filing because of which it did not show a loss at the time.I will be filing an amendment of the 2016 return. 

Now the information in my Turbotax online profile interprets there is no loss to carry from 2016. This will make the loss carryover worksheet for 2017 incorrect. Where do I override the past loss carryover in the 2017 filing?

Thanks

Raja

[TerryA · Accepted solution]

That's part of the Rental and Royalty input. Using Find enter Rental, select one of the rental things there. That should get you into that area. Edit the rental and click through until you get to Do Any of These Situations Apply.... Under Carryovers check I have passive activity real estate losses ... and in the next screen you can enter your passive carryovers, regular tax and AMT.

[banerjee_raja]

I dont see the option in Turbotax premier. Do I need to use any other higher version?

[TerryA]

It's there in Deluxe and Premier is an upgrade from that (i think <?>) so it's in both. Your Post was with Deluxe. Premier may have a slightly different "path" to get to the Rental, but it's there. Once you get to the Rental the rest of the instructions I gave should be similar if not identical in Premier.

[iap]

Online, 2019 TurboTax, premier version, not possible to get to enter the rental loss carryover, please help

[KrisD]

With the online programs

Go back to the “Review Your Address Rental Summary” page,
(Click Federal, Wages & Income, Scroll down and click Edit/Add next to Rental Properties and Royalties (Sch E, answer Yes to “Do you want to review your rental and royalty information?”)
Click Edit next to the rental
On this “Review Your Address Rental Summary” click Update next to Property Profile
Next screen is type and address, Continue
Next screen is “What Type of Rental is This?”
Next screen is “Do Any of These Situations Apply to This Property?” and scroll down to “Carryovers”
Click the applicable box and continue
Enter the carryover on the next screen

[Ellsun]

I am using 2018 Home and Business. I imported a loss carryover from 2017 but I changed the 2017 return and there is no loss carried forward. Now I cannot find where to modify of change the loss that Turbotax thinks I carried forward from 2017. When I click through all the menu items in rental property, that screen, the one that ask if you "had any of these situations," is NOT appearing automatically. How to I get to it manually?

[Carl]

I am using 2018 Home and Business.

Which means you're using the CD version of the program. That's good, as it's much simpler and easier to navigate and change things.

I imported a loss carryover from 2017 but I changed the 2017 return and there is no loss carried forward.

This indicates that you started your 2018 return before you amended the 2017 return. If you can and if it's not to much trouble, just start the 2018 return all over again. That's actually the absolute simplest and easiest way to deal with this. Then you'll be importing form the more current, amended .tax2017 file.

Otherwise, start over in the rental section and indicate that you *DO* have carryovers. Then even if the next screen shows a carry over amount, if it's not correct you'll be able to change it.