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After you file
Another point: why did Turbotax create a Form 4562 for this carryover when it never did in 2019 or -20 after the carryover figure was originally generated in -18 and appeared in Form 4562 for a specific K-1 partnership that ended in -21? Line 11 has business income for this partnership of 0 because the final year's figure is -2. I had income greater than my carryover in 2018-20 but no 4562 was created. Why wouldn't Turbotax have taken care of that, or did I fail to make a choice that would have offset the carryover? The effect on my tax for a carryover of 231 is probably not worth the hassle of filing an amended return for one of those years. The real fly in the ointment is that Turbotax is now gagging for some reason.
‎April 12, 2022
10:25 AM