Thanks. Yes, I entered the information in the Federal return. However, I am confused about what to do for the South Carolina return. I do not have any other sources of income for South Carolina other than the multifamily partnership. (fyi I reside in California)
- For the South Carolina return, should I input the loss (1,601)? My two thoughts: I can carryforward the loss to offset future capital gains. Also, I will have to pay for depreciation recapture in the future whether or not I decide to take the depreciation today.
- If carryforward is recommended, do I input this loss in "rental, royalties, and K-1 income?"
