I'll answer by your question numbers:
- No, Part II should be entered as positive numbers and calculated according to the line directions.
- As a shareholder you are responsible for tracking your basis and limiting any losses you take in a year to your calculated basis at the end of the year. It is a rolling calculation from year to year. The best way to determine where you are at is to calculate your basis for prior years outside of TurboTax and verify your beginning balance for 2021 and any carryover losses that are left to report.
@yoadrienne6
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