Thanks to your reply, I got part of the answer (BTW, I'm using TT Home & Business 2020, not the free online version). Here's how far I got:
1) Select "PERSONAL" tab
2) Select the "Personal Income" section
3) Scroll down to "Business Investment and Estate/Trust Income" - click on the "Update" button for Schedule K-1
4) Click on the "Update" button for "Partnerships/LLCs (Form 1065)"
5) Click on the "Update" button next to the LLC with the unallowed passive loss carryover from the previous year
6) Click through multiple "Continue" (or other relevant) buttons on the next few screens until the "Describe the Partnership" screen - click on the "I have passive activity losses carried over from last year" checkbox
Under the heading "Report Carryovers - Regular Tax", it asks you to "Enter your passive loss carryovers for regular tax purposes as negative numbers". It offers several boxes - the top 2 of which are:
a) Box 1 - Ordinary Income
b) Box 2a - Ordinary Income
I guess I need to enter the passive loss carryover here but which one? Which form do these boxes belong to?
Thanks!
