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June 1, 2019
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How do I modify the passive loss carryover for rental property?

  • June 1, 2019
  • 1 reply
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I had made a  mistake ( incorrect personal use) in my 2016 return filing because of which it did not show a loss at the time.I will be filing an amendment of the 2016 return. 

Now the information in my Turbotax online profile interprets there is no loss to carry from 2016. This will make the loss carryover worksheet for 2017 incorrect. Where do I override the past loss carryover in the 2017 filing?


Thanks

Raja

Best answer by TerryA

That's part of the Rental and Royalty input. Using Find enter Rental, select one of the rental things there. That should get you into that area. Edit the rental and click through until you get to Do Any of These Situations Apply.... Under Carryovers check I have passive activity real estate losses ... and in the next screen you can enter your passive carryovers, regular tax and AMT.

1 reply

TerryAAnswer
Employee
June 1, 2019

That's part of the Rental and Royalty input. Using Find enter Rental, select one of the rental things there. That should get you into that area. Edit the rental and click through until you get to Do Any of These Situations Apply.... Under Carryovers check I have passive activity real estate losses ... and in the next screen you can enter your passive carryovers, regular tax and AMT.

June 1, 2019
I dont see the option in Turbotax premier. Do I need to use any other higher version?