This is the first year I am filing taxes on my own using the TurboTax Business download version (not Home and Business). This is the appropriate version for a multi-member LLC. Last years taxes were prepared by a CPA.
I have a passive loss carryover from 2020 that I would like to use to offset the gains in 2021. It is my understanding that I will need Form 8582 to include the passive loss carryover, however, this form is not available to me. I believe the PAL should be entered into a K-1 worksheet, but am unable to find where.
I have correctly identified the business as a passive activity in the set up. The LLC entity is for managing one rental property.
Looking for assistance, thank you.
