I have a business that lost X dollars in 2020. It also lost Y dollars in 2019.
I loaned the company Z dollars during 2020 year.
Now on my K1 it shows income/loss of X for 2020. But I should be able to claim Z amount of the carryover loss against loan basis to further decrease my taxable income.
There is no where to enter this information in TurboTax as it doesnt let me access the full k1 worksheet with "loan basis" section??
