K-1: How to properly enter cumulative passive loss carryovers?

I invested $60K in a company. 2020 was the 1st K-1 was generated. They have incurred losses each year – ($6727) in 2020, ($6505) in 2021, and ($2884) in 2022 (Schedule K-1, Part III, Box 1). Each year these losses are categorized as “unallowed losses” for me as I do not have passive income to apply the passive losses against. Am I reporting the carryovers correct by entering them in “Box 1 – Ordinary Income” on the “Report Carryovers – Regular Tax” screen (see photo showing 2022 numbers)?

 

If so, 2021 would be the 1st year I would have a carryover and the box would read ($6727). On the 2022 tax return (per the attached), the amount in that box would then be ($13,232) – the 2020 loss + 2021 loss. The 2023 amount would be ($16,116) – 3 years of losses. Is this correct?

 

Cumulative Passive Loss Carryovers.JPG