@abhishtu2 wrote:
I had ticked the question on all my investment is at risk. I realize, now, that since I was a passive investor, I should not have ticked that box. When I unchecked it, the year's loss is zero.
Just because you are a passive investor doesn't necessarily mean you are entirely not At-Risk. It depends on the loans (if any) and your other Basis in the activity.
If you are not sure, I highly recommend going to a good tax professional.
If you are somehow absolutely positive that you know the correct amounts for everything, personally, I would amend the incorrect year (2017), correct the current year carryforward and not amend the in-between years.
