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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- How to input Passive loss carryforward for a sale of rental property?
How to input Passive loss carryforward for a sale of rental property?
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lw06880
Level 3
03-08-2022
05:01 PM
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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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George4Tacks
Level 15
03-08-2022
07:04 PM
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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
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