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TurboTax is deducting my self employment income with prior Passive Losses which I don't think is correct.
I have self employment income as well a Passive Loss carryover from a K-1.
TurboTax is deducting the self employment income with some of the losses of the K-1.
Self employment income is NOT passive income so the Passive Loss should not be used. How can I get this corrected?
I can remove the Passive Loss entirely, but could it be an issue if the Passive Losses are not reported with my taxes?
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‎April 5, 2024
8:38 AM