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Get your taxes done using TurboTax
I used the desktop version, so I am not able to retrieve any information from TurboTax unfortunately. My IRS documents show: QUALIFIED BUSINESS NET LOSS CARRYFORWARD ($21k) and TOTAL QUALIFIED BUSINESS LOSS CARRYFORWARD ($34k) and TOTAL QUALIFIED BUSINESS INCOME OR LOSS (-12K). None of this makes sense to me. I'm not sure how to enter this information on my 2022 form. I should mention that I have a rental that I owe myself and another rental that is in a LLC with a partner (K1 - form). On top of this I'm concerned I won't be able to figure out my Unallowed Loss in the K-1.
‎February 17, 2023
6:00 PM