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Business & farm
I have the same error regarding my Schedule K-1: "Passive Operating Loss should not be greater than the total loss"?
TurboTax seems to have taken my carry-over loss from 2018 ($6k) as the 'Total loss'. My rental property has now lost more money in 2019 ($8k); which is what I entered from last year's K-1. Is there something wrong with the way TurboTax is calculating what it considers 'Total loss'?
‎June 29, 2020
3:02 PM