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posted Apr 2, 2023 5:45:08 AM

Offset CA passive income with passive loss carriover

I have a rental property in CA: this year I have a net income. I'd like to offset that with past year (carryover) loss, but I can't find a way to do that. TT deducts the net income from last year loss, but it still shows I have a CA adjusted gross income, and I have to pay taxes on it.

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Moderator
Apr 2, 2023 10:08:03 AM

Are you preparing a Canadian or a US return? 

 

This is the support site for the Canadian TurboTax. For assistance with U.S. taxes and U.S. versions of TurboTax, please visit the website for TurboTax USA.