TurboTax for people with rental properties

[Anonymous]

Due to the real estate crash we have become landlords (rented out my now-hubby's old place and moved into mine). I've always done turbotax and really want to continue. I've used deluxe in the past but it looks like premier is the one to use for rental properties. Is that right and for those who have used it, does it work well?

[Anonymous]

P.S. we are renting at a loss and my understanding is that we can carry those losses forward to offset against capital gains (if there are any) when we sell. Anyone know if turbotax tracks unused losses?

[Anonymous]

bump

[Anonymous]

We have a rental property and used the premier version of Turbo tax last year. No problems with it and will use it again this year.

Not sure about tracking unused losses.

[Anonymous]

I think what you are referring to is the passive activity credit, calculated on form 8252-cr, which is supported by turbotax premier, so it should track your passive activity credits on a cumulative basis.

[Anonymous]

Wow, you all are awesome! 23:52, that sounds right. TT Premier it is!