Paasive losses from prior year

Forum|Forum|1 year ago
February 23, 2025
1 reply
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My passive loss from 2023 not populating. when I manually enter it I am told it does not add up to what was allowed, but when I use a calculator and add it up it matches. Is there a glitch in the rental program. In same program same unallowed depreciation from 2023 not flowing through. So frustrated!

TurboTax Home & Biz Windows

KrisD15

To clarify-

Was 2023 the first year of a loss?

If yes, the loss usually needs to be entered into the program the following year.

That would be done by selecting "I have passive activity real estate losses carried over from a prior year" on the "Do Any of These Situations Apply to This Property?" screen in the rental profile of the rental section.

If this is where you entered the carried over loss, where/when are you told it does not add up? Are you entering loss from Schedule D as well?

As far as the unallowed depreciation, was this generated from Section 179 or Bonus/Special depreciation?

Are you an "Active Participant" ?

Do you own 100% of the property?

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