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February 18, 2020
Question

This will be my first year with TurboTax. Where do I input passive loss carryovers from the prior year?

  • February 18, 2020
  • 1 reply
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1 reply

February 18, 2020

I am assuming that the passive loss carryovers are from a Rental Property:

  1. In the Wages & Income Section
  2. Scroll down to the Rental Properties and Royalties
  3. Click the blue Show More in this section
  4. Click Start (or Revisit) next to Rental Properties and Royalties (Sch E)
  5. Click Yes
  6. Click Continue and Edit, to choose the rental affected
  7. Click Continue until you reach the screen entitled Do any of these situations apply to this property?
  8. Scroll to the bottom of this page and check the box next to I have passive activity real estate losses carried over from a prior year
  9. Click Continue
  10. You'll be able to input the carryover amounts on the next screen 
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