- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, thank you! I do see the Box 1 Business Income suspended loss carryforward number. Excellent!
So the next question is when I manually enter the number into TT, in which of these boxes (or both of them?) do I enter the accumulated loss number? There is a section in the MLP K-1 questionnaire where it asks you if you have Passive Activity Losses carried over from last year. I checked Yes. The next page (see attached graphic) is labelled Report Carryovers - Regular Tax (see below). Do I enter my cumulative Passive Activity Losses in one of the boxes, or both of the boxes (see below)?
March 12, 2023
11:53 AM