To enter Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier: Click the Federal Taxes tabClick Wages & IncomeScroll down to the Rental Properties and Royalties sectionClick the blue Show More in this sectionClick Start (or Revisit) next to Rental Properties and Royalties (Sch E)Click YesClick ContinueClick the blue Edit button next to the rental you'd like to add info forClick Continue until you reach the screen entitled Do any of these situations apply to this property?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. (see first attachment for reference)Click ContinueYou'll be able to input the carry over amounts on the next screen (see second attachment for reference)

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

nyork78

Question

Tax Year Prior to 2020: Where do I enter prior year passive losses on rental property?

Forum|Forum|6 years ago
June 4, 2019
1 reply
0 views

No text available

TurboTax Premier Online

ChelsiE2

Employee

To enter Passive Activity Loss Carryovers from a Prior Year for your Rental Property in TurboTax Premier:

Click the Federal Taxes tab
Click Wages & Income
Scroll down to the Rental Properties and Royalties section
Click the blue Show More in this section
Click Start (or Revisit) next to Rental Properties and Royalties (Sch E)
Click Yes
Click Continue
Click the blue Edit button next to the rental you'd like to add info for
Click Continue until you reach the screen entitled Do any of these situations apply to this property?
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. (see first attachment for reference)
Click Continue
You'll be able to input the carry over amounts on the next screen (see second attachment for reference)

R4C

I follow the instructions, but at step #12 I was unable to enter an amount.

When I saved my Turbo Tax return from 2018, it was saved as a PDF file. It seems to NOT TRANSFER into the 2019 Home and Business Turbo Tax any of the PAL carryover. Like I mentioned, I am unable to enter the PAL carryover AMOUNT from the 2018 return after step #12. What am I missing?

bwergeles

If you are using the TurboTax Home & Business software, you can add or verify your passive activity loss carryover by following these steps:

Click on the "Business" tab at the top of the screen and select Continue
Click "I'll choose what I work on"
Select Update next to Rental Properties and Royalties and then select Yes
Answer the questions and select Continue. Then select Edit next to your rental property
Select Update next to Property Profile. Continue through the screens until you get to the section "Do Any of These Situations Apply to This Property?"
Click on the option "I have passive activity real estate losses carried over from a prior year" See screenshot below.

7. Select Continue and the next screen "Passive Losses from Prior Years" allows you to enter your passive activity loss carryover from 2018. See screenshot below.