Thank you for your response. This is what I ended up doing. The real issue is that TT should have handled this - they have the information from last year's return. What made it frustrating is:
- It said "Passive Operating loss must be entered". Nowhere on my last year's return, does it have the verbiage "Passive Operating Loss". TT should use the terminology in the actual tax return. You correctly identified it as Passive Activity Loss.
- In addition to the message above, it displayed the Schedule E worksheet where it expected me to populate the data they wanted. The problem was, nowhere in the worksheet did it use the term "passive operating loss", it didn't show be what field it thought needed to be populated, and there were probable over 100 fields in the worksheet to choose from.
Because of these two items, I was clueless as to what they actually wanted.
TT should have completed this on its own - that's why I'm paying to use this software. Any idea how to notify them of this problem?
Thank you for your help.
