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Get your taxes done using TurboTax
@Anonymous_ Okay, so track the dissallowed losses limited by basis outside of TT... then where would I input the loss carryover to offset future income? It seems like this is something the IRS would want to see and ideally seomthing TT should be tracking and handling.
This answer https://ttlc.intuit.com/community/business-taxes/discussion/re-there-are-two-methods-you-could-use-t... suggests that I can do it either way. Any comments? Thanks.
‎October 6, 2022
3:44 PM