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Investors & landlords
@abhishtu2 wrote:
While finalizing my Return for 2023 (I have requested extension of time), I see that TurboTax shows an unusually high passive loss in 2017.
Can you clarify? You said it was unusually high, but you didn't say it was wrong. Was the loss incorrect in 2017?
*IF* it was wrong, would any of the years between 2017 and 2023 have changed? In other words, with a lower carryforward, would the carryforward been used up and there would have been taxable income any of those years?
‎September 10, 2024
7:56 PM