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Get your taxes done using TurboTax
Greetings, when I am running a review I am getting an error:
Sch K-1 Wks-Partnerships (xxxxxx): Passive operating loss...sum of losses in individual years should not be greater than the total loss ($-2302).
that the total losses from 2021 and 2022 do not add up correctly and TT does not allow me to change that total anywhere.
2021 = -$3158
2022 = -$2303 ( this is highlited in Red after running the review)
and for some reason there is an entry next to 2018 of +$3158, however we did not have a K1 until 2021
Would appreciate you help/advise
Cheers
O.
‎September 17, 2024
12:37 PM