I have Turbotax for Business 2021 Desktop.
I would like to carry over a passive loss from a rental business from 2020 to 2021, in order to offset a profit in 2021. How do I carry over that passive loss correctly?
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any passive loss carryover should be reflected on your 1040 if it wasn't used. it is not reflected on the business return. i should have added this only applies if the business return is for form 1065 or 1120S.
Which form are you filing ? 1041, 1120, 1065, 1120-S?
The TurboTax platform fills the various partnership tax forms, starting with the 1065.
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