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
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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
- :
- Re: 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
Answers are easy. Questions are hard!
