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How to enter prior year unallowed passive loss from Schedule E in Lacerte

by Lacerte Tax 2022 Updated 1 year ago

Follow these steps:

  1. Go to Screen 18, Rental and Royalty Inc. (Sch. E).
  2. Select the appropriate activity.
  3. Go to section Prior Year Unallowed Passive Losses.
  4. Enter amounts in the Regular > Operating field and AMT > Operating, as applicable.
  5. Make sure the activity isn't marked Delete this year in the General Information section.
Lacerte Tax

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