taxuser
New Member

Investors & landlords

@TurboTaxMichaelDC one more question, i have posted separately as well, is the loss 100% carried forward for federal taxes. What about the state tax? Turbotax is calculating NJ-BUS-1 and 2 forms to calculate ALTERNATIVE BUSINESS CALCULATION ADJUSTMENT that is reducing my losses by 50% atleast to carry over next year.