Right, but that same section refers you to Worksheet 5.1 which does an entirely different calculation than TT. Since I'm not itemizing, the worksheet only allows the expenses to the extent they offset the income, then applies everything else to carryforward - in my case that should be nearly $60,000 in operating expenses and $23,000 in depreciation. Instead, TT allows for a $19,390 deduction to regular income. Then is passes to next year $9,984 in unallowed carryforward from 2023, plus $50,085 (operating expenses of $27,121 and depreciation of $22,964). Honestly, I'll take this if TT stands behind the calculations since its extremely more favorable to this year's taxes, but it still seems like something is out of whack with the software.
