I'm in a General partnership which provided a large capital loss and some operating loss in 2024. It's oil and gas, so the losses are non-passive and offset other ordinary income fully in 2024. Under income Box 1, there is a loss listed. Then on Box 14, Code A is listed with the same loss. But somehow Code A causes all the losses to be added back into form 8960 line 4b, which increases my tax obligation. Oddly, the dollar amount in Box 14 doesn't matter, only that Code A is selected. (Codes B or C do not feed back into form 8960. ) This seems like a TurboTax bug to me, but I'm not positive. Anyone able to shed any light on this?
