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April 10, 2023
Question

Carry forward losses

  • April 10, 2023
  • 1 reply
  • 0 views

I have a carry forward loss for a vacation rental that I am not longer renting out in 2022.  I have other rental properties that I am currently renting that I would like to use my carry forward loss from my vacation rental to offset those gains.  Please advise how I enter in Turbo Tax.

 

Thanks,

    1 reply

    KrisD15
    April 11, 2023

    If using TurboTax Premier, go to 

    Federal taxes

    Wages & Income

    Business Items

    Business Deductions and Credits START

    Business Loss carryovers START 

     

    If using Home & Business Desktop or Self-Employed Online

    Business 

    Less Common Business Situations

    Net Operating Loss/QBI Carry Forward Loss START

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