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March 18, 2025
Question

System says to check entry "Schedule E Worksheet: Passive 4797 l/t loss must be entered", but I don't see it on the Schedule E Worksheet & don't understand what's needed

  • March 18, 2025
  • 2 replies
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    2 replies

    KrisD15
    March 18, 2025

    Did you sell a rental asset in 2024?

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    March 28, 2025

    I have the same question. In my case, I didn't sell any real estate in 2024, or assets such as trucks or cars. What do I fill in these boxes?

    April 3, 2025

    If you didn't sell any Rental Assets, you could enter $0, if leaving blank is generating a review check. Have you tried Continuing past the message?  Or you could delete Form 4797 from your return.  Here's How to Delete Forms in TurboTax Online

     

    Passive Loss Carryovers for Rental Activities are not reported on Schedule E. You will find the carryover for prior years on Form 8582, Part VII, column c. If you have always made a profit, this number may be zero.

     

    You can also see this carryover on the Schedule E Worksheet for your rental property. Look for "Carryovers to 2024 Smart Worksheet" (for a tax year 2024 return) after the QBI section under Line 22. The suspended loss is reported on Line G of this table.

     

    While TurboTax normally transfers carryovers from last year to your current return, it's possible this function wasn't successful for you this year. But the forms should give you the entry you need.

     

    Here's more info on Form 8582 Passive Activity Loss. 

     

    @mr_jing