Until last year I had a CPA prep and file my taxes for a Trust (Form 1041) but his annual $1500+ fee was getting out of hand so I decided to try this on my own using Turbo Tax Business.
My Trust had an investment in a limited partnership which was sold entirely last year. When reviewing my prior year tax returns, my CPA had attached a "Tax Return Carryover sheet" that shows disallowed amounts carrying over to the following year, like this:
I cannot find where in TTB to enter these amounts.
After searching through similar questions from the past on this forum, there is supposed to be an option to check when entering the details of the received Schedule K-1; i.e. in the "Describe the Partnership" section, there should be an option for "passive activity loss" carryovers.
However, in my TTB desktop app (which has the latest updates as of this writing), I do not see this option anywhere.
So my question is — where do I enter the passive activity loss (or disallowed loss) carryovers from prior years in Turbo Tax Business 2022?
I am new at this and any help would be greatly appeciated.
