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Business & farm
Sorry to be sending you another question.
1) So my form 8960 line 4a shows Rental real estate, royalties.... as $1199, and then subtracts that out in 4b. I don't think anything should be in these boxes since I don't have passive income. The net result is 0, but I can't remove it from the form. Perhaps this is occurring because the system will not delete the check mark for passive activity losses carried over from 2021.
2) Also line 5a on 8960 shows a net gain from the disposition of property (and this also shows up on the 1040 line 7 (capital gain). I didn't sell any stock this year, so where is it pulling this information from? Is this coming over from previous years?
March 2, 2023
1:21 PM