Where do I find Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers on Schedule E? I have a 2019 passive unallowable loss of $7878 on Form 8582.

Forum|Forum|5 years ago
February 28, 2021
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I do not see Regular Tax Carryovers, Alt Min Tax Carryovers, and QBI Carryovers line items on Schedule E? TurboTax is asking me to enter these amounts from Schedule E.

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JamesG1

You may enter these carryovers from the prior year's tax return by following these steps.

After the asset is recreated, click Edit to the right of the asset at the screen Rental and Royalty Summary.
Click Update under Property profile and Continue through several screens.
At the screen Do any of these situations apply to this property, scroll down to Carryovers and click on I have passive activity real estate losses carried over from a prior year.
At the next screen, the losses are entered as negative numbers.

IRS Form 8582 is used by taxpayers to figure the amount of any passive activity loss (PAL) for the current tax year and to report the application of prior year unallowed PALs.

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MJMann

What line # on this federal form would be the “Regular Tax”? And “QBI Carry overs from prior years”

if doing the interview, it asks if there were any passive losses, and there were, does that mean just for that year? Why doesn’t this section auto populate based on entries ? What happens if that section was clicked no in prior years?

thank you

DianeW777

There are certain items that you are required to enter each year. TurboTax can't know for sure if your return has been changed or amended. You should check carryovers/carry forwards each year to be sure they are included in the current year tax return. Always be sure to enter any carryover losses from the prior year.

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