Folks:
I am following on this thread and have a follow-up question.
How do you report passive losses from past couple of years for GA?
The manuevrs you mentoined in the earlier emails do they count as passive losses for 2023?
I tried doing this earier and gettor an error in SAchedule 3 because column A needs to equal columns B + C and that does not seem to match. Can you please elaborate?
Also, a CPA told me that NOL is not the same as passive losses. I only see passive losses in the activitiy worksheet for that LLC part III item 6 but these do not seem to carry over to any form.
The CPA told me to use form 8582 to report the pasive losses and I am not sure if I can use the Federal 8582 and write GA on it to report the passive losses for 2023 and the previous years. I was hoping to reconcile the informaiton to that on Form 700.
Hope you reply soon.
Thanks,
