@fvargas thank you for the question. While basis is an important consideration, it does not impact whether you have a passive activity loss carryforward. You would have a Form 8582 for 2021 if you have a passive activity loss carryforward, so you need to look at your 2021 tax return. If so look at it and see what the carryforward loss is for the entity generating the K-1 for 2021 and 2022, then you would answer that you do have a passive loss carryforward and enter it. You may also have an AMT carryforward and a QBI carryforward, so look carefully at the entirety of the 2021 tax return and then enter them as well.
All the best,
Marc T.
TurboTax Live Select Time Tax Expert
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