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Loss Carryforward from S Corp
I have a loss carryforward from my s corp that was unallowed due to shareholder basis. This year I have generated income and increased my shareholder basis to allow the loss carryforward to be applied. The activity is entirely at-risk and is NOT passive. According to the Schedule E instructions, I should input in "PYA" on line 28 column A and input my carryforward loss to be applied on line 28 column i. Does anyone know how to accomplish this in TurboTax? I can't seem to figure out how to do it. Thanks!
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March 9, 2021
9:04 AM