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Business & farm
@dzemach63 wrote:in box 2.
If the K-1 from the Corporation and an amount in Box 2, that is a Passive Loss. In most cases, Passive Losses can only be used against Passive Income. The unused amount is carried forward to next year on Form 8582.
I suspect that is what you are seeing. The Passive Loss is not being allowed and it is being carried forward.
‎February 9, 2021
6:32 PM
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