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Level 3
March 8, 2022
Question

How to input Passive loss carryforward for a sale of rental property?

  • March 8, 2022
  • 1 reply
  • 7 views
Rental property sold, been a rental for 10 years.  New client with approx $200k carryforward passive losses.  Where to put the loss in Proconnect?
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1 reply

George4Tacks
Level 15
March 9, 2022

In the rental screen look at the "tabs" across the top for Passive Losses

In the Property Information right about Other Information, enter a 2=delete next year.

https://proconnect.intuit.com/community/form-8949/help/complete-disposition-of-rental-activity-with-multiple/00/3478 for how to report sale via the depreciation input

 

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