How do I download Form 8582 onto my 2020 Turbo Tax 2020 Return?

The carryover loss will auto-generate the Form 8582.  If your passive loss did not transfer to your current year tax return, you need to enter the loss carryover.

To record this passive loss carryforward, if it is not carried forward automatically in TurboTax follow these instructions.

1. Click the Federal Taxes tab
2. Click Wages & Income
3. Scroll down to the Rental Properties and Royalties section
4. Click the blue Show More in this section
5. Click Start (or Revisit) next to Rental Properties and Royalties (Sch E)
6. Click Yes
7. Click Continue
8. Click the blue Edit button next to the rental you'd like to add info for
9. TurboTax CD/Download version: Continue until you reach the screen entitled Do any of these situations apply to this property? 
   • Scroll to the bottom and check the box next to I have passive activity real estate losses carried over from a prior year 
10. TurboTax Online version: Scroll to Less Common Situations > Click Edit next to Carryovers, limitations, at risk info, etc.
11. Click Continue > enter the amounts on the next screen

Phaseout Rule: The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that’s more than $100,000 ($50,000 if you’re married filing separately). If your modified adjusted gross income is $150,000 or more ($75,000 or more if you’re married filing separately), you generally can’t use the special allowance. This is because the special allowance is reduced to $0 since the modified adjusted gross income is over the $100,000 amount.