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Get your taxes done using TurboTax
I have the desktop version and the exact same situation. The desktop shows the same behavior as RichA2023 described, eg after using 7203 to determine allowable losses, TT wants me to adjust the K-1, and then only has one line on schedule E instead of two - one showing current year and one showing a PYA line for the loss carryover. This is new this year (with form 7203). TT 2021 and prior did this correctly with a PYA line on Schedule E for prior years loss carryover. Please fix this!!
March 31, 2023
5:56 PM