In 2022, an LP I invested in reported a loss of $18,000 on its K-1. My 2022 Form 8582 shows this as unallowed, and the CPA who did my taxes listed it as a carryover for 2023. For 2023, I'm using TT for the first time, and during the "I have passive activity losses carried over from last year" part of the K-1 interview for this LP, I entered the $18,000 carryover.
On pages 3 and 4 of the K-1 TT generates for my return, the $18,000 is shown in column (b), "Suspended Loss Carryover From Prior Year." This is correct: the carryover is from 2022, which is the prior year. However, on page 8 of the same form, the $18,000 is listed as a loss Before 2018. This is not correct: the loss is not from before 2018. The same mistake shows up on page 20 of the Sch K-1 Wks-Partnerships (...) -- Smart Worksheet: the $18,000 loss is listed as Before 2018.
How can I get TT to properly categorize this loss as from 2022 instead of as from before 2018?
I can post screen shots, if that would be helpful.
Thanks.
