TaxGuyBill
Level 15
06-20-2020
11:48 AM
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@TaxAdviceGuys wrote:Hi. I have a 2017 Tax Return that has Capital Loss Carryover on their Schedule E Rental Property. The Carryover is $28,302 and I cannot find where to enter this information on the return. I have entered the Depreciation of all items (27) and the system is showing a Prior Loss of $0, rather than the $28k. Where do I input this?
You need to clarify what you mean. Your title says "Depreciation Carryover". Your question says "Capital Loss Carryover". But neither of those make much sense.
- Do you mean a Passive Loss Carryover?
- Is this a home that is used for both personal and rental use (subject to the "vacation home" rules)?
- Please give as much detail as possible. The more information you provide, the more likely somebody can help you.