Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- How to input Passive loss carryforward for a sale of rental property?
How to input Passive loss carryforward for a sale of rental property?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
lw06880
Level 3
03-08-2022
05:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Rental property sold, been a rental for 10 years. New client with approx $200k carryforward passive losses. Where to put the loss in Proconnect?
Labels
1 Comment 1
George4Tacks
Level 15
03-08-2022
07:04 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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-... for how to report sale via the depreciation input
Here's wishing you many Happy Returns
