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April 15, 2025
Question

Rental property/Primary residence

  • April 15, 2025
  • 1 reply
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I was living in the house for 6 months and 6 months it was rented. Will it carry forward the losses? I don't see the loss accumulated in the screen.

 

1 reply

April 15, 2025

In what screen?

 

You should see the loss on Schedule E. Many times for small landlords, the loss will offset other types of income, and you will see that on your Schedule 1, line 5 (flowing to 1040 line 8). 

 

If the loss is not allowed because of income limits or passive activities rules look for a form 8582 to see the carryfoward.

 

To see the PDFs of the actual forms in online TT see this help article

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m9ih9yph

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