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Forgot to add passive loss carryover from K1. While amending, came across "Report Carryovers-Regular Tax" and saw 2 options (Box1 and Box2a). Which of the 2 should I use?
April 2025 was my first time using TurboTax and forgot to add carryover losses from prior years.
Now, went through Schedule K1 -> Partnerships/LLC (Form 1065) -> Report Carryovers - Regular Tax, and see 2 options:
- Box 1 - Ordinary Income
- Box 2a - Ordinary Income
Which of the above 2 boxes should I use to enter the carryover losses?
yesterday