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passive activity loss carryover
I was unable to include in 2020 & 2021 tax returns (submitted via turbo tax) a passive activity loss carryover. I think I purchased the wrong turbo tax package; 2019 and back it was reported on my tax returns - I did not use Turbo Tax back then. How do I fix this so that I can use this loss in the future if I have qualifying activity? Do I have to restate the 2 years it is missing (how?) and then properly include it on my 2022 Turbo Tax return OR can I just include it on the 2022 tax return w/o restating the 2 previous years? Which is the correct Turbo Tax package to purchase?
‎November 16, 2022
9:28 AM