- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
i would start with transferring the data from Turbotax. was the partnership a passive activity or have a loss?
* if a passive activity and a loss the loss might not be deductible or limited. that would have to be fixed for 2022
also if a loss then passive or not there is likely a qualified business loss carryover that would need to be entered.
* it's possible other items in your return would need changing we can't see your returns so have no way of knowing all the effects of switching from schedule c to a partnership.
‎January 28, 2023
11:27 PM