Hello,
I am looking at my 2023 personal return - Passive Activity Deduction Worksheet (not done last year in TT).
I have OPERATING, Suspended Losses for both Regular Tax and AMT Tax that I need to carry forward to this year (2024). This is for Rental Real Estate.
Looking now in TT Home & Business, Under the Personal Tab - Report Carryovers - Regular Tax and Report AMT Carryovers, there is not an "OPERATING" option to use. Box 1 is "Ordinary income", Box 2a is "Ordinary income". There are also a few other Ordinary Gain/Loss options.
Where do I document OPERATING Suspended losses that are carried over from last year? Do I document them in Box 1 for Ordinary income?
Thanks!
