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I have a new client with loss carry forwards from rental property with active participation. I am trying to find out where I enter these losses. I know where I want it to appear on the 8582, but the cross reference is not an option, and the "about" line doesn't really help me much. I'm bouncing all over. It won't allow me to override either (or I def would have done that by now). Any help is greatly appreciated.
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On the Schedule E worksheet with the rental, scroll down. There are a million sub-worksheets on the bottom 3/4 of that worksheet, including a section for carryforwards to the current year.
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You can tell it's been a rough tax season...I did scroll down, and when I entered the info I was getting error messages. That's when I tried here. I just looked again, and I have to enter the loss as a negative. Some forms you enter it as a positive, so I was incorrectly entering a positive number.
Thank you for your help!
