@Patricia
On the Schedule E Worksheet Carryovers to 2024 Smart Worksheet you mentioned, what number should I enter for each individual year? Should that be the profit or loss of that particular year? Or should it be the profit/loss from the particular year + the Carryover from previous year?
For example, if I have a Loss Carryover of $1,000 from year 2021 to year 2022, and I also lose $1,500 in year 2022, then on this Smart Worksheet, for year 2022 (like on the Smart Work sheet in your message, Year 2022, Line P), should I enter $1,500 as the Operating Loss? Or, should I enter $2,500 (i.e. $1,500 plus another $1,000 from the Carryover)?
Thank you for your advice!
