In 2022, I sold a partnership that has suspended passive-activity losses from prior years. I entered the suspended losses into Turbo Tax.
Turbo Tax put them on Schedule E, line 28, column (i), with the name of the partnership in column (a), and other income from the current year on the same line.
The IRS instructions say:
Enter on a separate line in column (g) of line 28 your total prior year unallowed losses [...] Do not combine these losses with, or net them against, any current year amounts from the partnership [...] Enter “PYA” in column (a) of the same line.
Is TT doing this correctly? Is there some magic I need to do with the TT questionnaire to make this formatted differently? Can I edit the form directly?
