Hi Mike thanks
regarding "yes. loss in excess of basis is carried forward to future years. so should you have income or increase your investment that will give you additional basis for taking losses. " is there a way to check to see if Turbotax has this for carrying forward for 24?
Do I need to manually add form 6198? Trying to think whether I added this manually or turbotax did when I checked the at risk below?
On the K-1 worksheet under Part II do I need to check "Some investment in corporation not at risk?"
Does any of the above changed if the corporation is real estate business and qualifies with 750+ hours a year. I believe this income is ordinary income? Not sure about losses though?
