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April 12, 2025
Question

How to change passive carryover loss after inputted during federal review? After reviewed, schedule E not appear anymore

  • April 12, 2025
  • 1 reply
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How to fix the passive carryover amount?

    1 reply

    April 14, 2025

    It depends. If you entered it as shown below, then you will likely see it on Form 8582 which is where it will go first.

     

    Passive Activity Loss Entry:

    Assuming your passive losses were carried over each year, this will be a separate and identifiable entry which will carry to the Schedule E.  The full remainder of passive loss carryover is used in the year of sale as an expense. This is combined with your overall rental gain or loss to your Form 1040. 

    • Open your TurboTax Online or TurboTax Desktop return and go to your rental property > Select Edit beside it and review the Property Profile.
    • When you are on the screen 'Do any of these situations apply to this property?' (Property Profile section), be sure to check the box under Carryovers or the box beside 'I have passive activity real estate losses carried over from a prior year.'
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