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Business & farm
Digging through all the statements from the 2018 return, I did indeed find the basis loss limitation worksheet and can find no reference in TurboTax for creating one.
Further, there is a request in the "pro series" asking to add such a feature. The topic is "Basis Limitation Worksheet on 1040" [1].
I plan to extract those calculations into a separate PDF to document it and carry it forward to future years.
The remaining question is whether to attach a statement to the return mentioning the "basis loss carryforwards" and if so, where it would best be attached? (Sorry, I'm very new to TurboTax)
‎October 11, 2020
9:47 AM