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Business & farm
Alicia, I was thinking about this and wondering if that check mark has been checked for the past several years. Let me explain, before 2019 I used to sell some of my stained glass occasionally, so I reported that as Hobby income, which meant that none of my expenses were deductible, so I'm betting TurboTax continued to roll the check mark for passive income forward each year and I just wasn't aware of it. 2022 is the first time I have made a profit since officially starting my business in late 2019.
I'm wondering if the program can be modified to check to see if the person marked that they "Materially participated in the business" and then show an alert for carrying forward a passive income deduction. This will alert the person to this issue.
Thanks for your help - really appreciate it! Anne