Dear Experts:
Does California allow K-1 (565) passive activity losses reported in box 2's be carried forward year after year until they can be used to offset passive activity gains?
If so, where should be the prior years' suspended or disallowed cumulative passive activity losses be reported for nonresident return filers? Is it on 540NR, CA (540NR), schedule D (540NR) or any other form?
Thanks
