One related question to California Form 3801 I've been struggling to figure out:
- Part I - 1b: clearly this is meant to reflect the current tax year (2022) net loss amount
- Part I - 1c: it wasn't clear to me whether this should reflect ONLY the prior net loss amount from the immediate tax year before (2021) or if this should reflect the total carrying balance for all historical passive losses from ALL previous years (like in Federal Schedule E).
If Part I - 1c is meant to reflect the total carrying balance for all historical passive losses from all prior years - does anyone know how to update this in TT? The TT software filled in only the immediate tax year before (2021) figure in Part I - 1c.
Thanks!
