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TT Business 2021 - 1065 / K-1 how/where to enter net operating and real estate carry forward losses
Hello,
I'm using Turbotax Business 2021 for a rental real estate business (LLC). I have a net operating loss (1065, page 2, line 22) smaller than the net real estate gain (1065 page 4, schedule K, line 2). I have losses from the previous years in both operating and real estate to carry forward. How and where do I enter these in TT Business 2021? Also, if i can only enter the amount necessary to offset the current gain, what is the TT method to track my losses that haven't been applied for future carry foward?
Thanks,
Rich
Topics:
‎February 13, 2022
9:48 PM