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Get your taxes done using TurboTax
Tax 443557: Read the instructions for 8690. It says to enter the total of 1040 schedule 1 lines 3 and 5 on line 4a. Then on 4b subtract the amount that was NOT passive income. (Like income from your business.) TT did it right as far as I can tell, but the IRS doesn't know what it's doing. Actually they do admit there's a problem but it won't be fixed until Feb/Mar.
‎February 6, 2023
9:21 AM
2,540 Views