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Investors & landlords
OK, finally figured it out. I went to rental properties, under property profile I hit update and said Yes to I have passive activity... under Carryovers. I entered data found in:
Form 8582 Part VII (a) Loss in 2022 taxes and enter the allocation of Unallowed Losses in the Passive Losses from prior Years as regular Tax Carryover. In the AMT carryover I subtracted 80 from my regular tax loss which I found in form 6251 of 2022 taxes. QBI carried over from 2022.
I hope this is now accurate.
I was disappointed, I actually called Turbo Tax and they were no help at all with this.
March 3, 2024
2:55 PM