Where Do I Enter A Prior Year Unallowed Loss On Schedule E?
To enter the unallowed loss from a prior year on Schedule E, from the Main Menu of the Tax Return (Form 1040) please select: • Income Menu • Rents, Royalties, Entities..Sch E, K-1, 4835, 8582 • Rents and Royalties • Double-clickthe entry you wish to Edit • Expenses • Unallowed Loss • Enter the Prior Year Unallowed Loss (as a positive number)NOTE: The program will recognize a prior year unallowed loss and automatically pull the figure forward if you prepared the tax return last year.
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