Get your taxes done using TurboTax

ThomasM125 · ‎April 9, 2024

I set up a business in TurboTax and noticed the default answer to the "Actively Participates" option is "yes" so I don't know how that answer would get changed. If you didn't actively participate it would be considered a passive activity so that is why passive loss carryovers from the previous year might be applied to income from the business.

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