Hi Mike,
We filed a Form 1065 for the LLC last year by a CPA. K-1's are produced with the 1065 and then we each include a K-1 information in our individual 1040's. The LLC has two members, and each K-1 reports 50% of the profit or loss.
So because you said Form 1065 does not report passive carryover losses, maybe we can't carry them over?
