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Business & farm
I'm not sure why there are two entries for your passive loss carryover from the previous year. You use part V and VI on your prior year Form 8582 Passive Activity Loss Limitations to determine your loss carryover for the current year. If you enter that amount in either the Box 1 or Box 2(a) entry in TurboTax, it will show in Part V of form 8582 in column (c) Prior Years Unallowed Loss and you will get credit in the current year for your prior year loss carryover.
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‎January 19, 2023
7:46 PM