Should I check the category "I have passive income losses carrying over from last year" if my LLC ran a loss last year for which I haven't filed taxes yet?

junelia-aguiar · ‎March 25, 2026

MinhT1

If you know that you have passive losses carried over from 2024, I would advise you to file your 2024 tax return before filing for 2025.

On your 2025 tax return, if you have passive losses carried over, TurboTax will carry them over, or you can type it in.

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Mike9241

we have no way of knowing if the losses are passive, but what good would this do you, if true, since you don't know what they are until you file your prior year's return and it's processed as filed,

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Should I check the category "I have passive income losses carrying over from last year" if my LLC ran a loss last year for which I haven't filed taxes yet?