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Question

How do I deduct rental property income with last year’s losses carry forward? Why doesn’t TurboTax deduct rental property income with last year’s losses carry forward?

Forum|Forum|1 year ago
March 2, 2025
1 reply
0 views

I had rental property loss last year. This year I have a positive income, but I don’t see the income being reduced by last year’s rental loss carry forward. How can I get rental loss carry forward to offset my rental income this year?

Select UPDATE for the Rental Properties and Royalties section

Select YES to review

Select EDIT for the property on the list

Select UPDATE (or START) for the Property Profile

Continue through this interview until you get to the screen asking about CARRYOVERS on the "Do Any of These Situations Apply to This Property?" screen.

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