Hi experts, I had passive loss carryover -$300 (real estate activity) from the same partnership last year and this year my K1 has both business activity (-$1000 loss) and real estate activity ($1000 gain), which are both regarded as passive activities for me. As Turbotax suggested, I split into two K1s and go through the interview process, my question is, could I report the last year's passive loss only in "real estate activity", or in both "business activity" and "real estate activity"?
Here's the question:
Describe the Partnership:
[ ] I have passive activity losses carried over from last year
If checked, in next screens, I will input the loss details from last year
