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Investors & landlords
Ok @Anonymous_, I'm avoiding the Deduction Recoveries Worksheet for calculating line 7. Before inputting my section 1411 NOL carryover, line 8 in my form 8960 subtotals $11,447. If I manually input this carryover on line 7, then line 8 will become negative. (I don't know where line 8 feeds into on other forms.) Should I do so? Thanks!
March 5, 2021
8:22 AM